Larsen & Toubro Ltd. (L&T) on Monday announced its quarterly results. And in that it showed a 32 per cent rise in its quarterly profits which is higher than the market estimates.

The Indian engineering and construction giant was able to show such results because of the rise in order executions.

For the quarter ending September, the net profit of the company went up to Rs.765 crore as against Rs 585 crore in the same period during last year. The total income shoots up from Rs 7,921 crore to Rs 9,331 crore.

A survey result done by Reuters keeping in mind 17 brokers had predicted the net profit to be Rs 657 crore and net sales Rs 892 crore.

Meanwhile, L&T said that it was able to secure contracts from various sectors which included the most promising ones like construction, hospitals and also residential.

Further, these contracts were enhanced by B&FOC's order book. This area is already into the designing of airports, IT parks and also commercial space.

Also what one needs to see is the that the market cap of it as become $27.3 billion, rise of 16 per cent. During this period, the benchmark indexes have gone up by 14 per cent.