India: L&T June quarter profit falls short of estimates
Fri Jul 29 2016
Ramesh Sridharan (877 articles)

India: L&T June quarter profit falls short of estimates

MUMBAI : Construction firm Larsen & Toubro Ltd (LART.NS) reported a quarterly profit well below analysts’ estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business.

Net profit for the April-June quarter was 6.10 billion rupees ($ 91.04 million) compared with 4.19 billion rupees a year earlier. Analysts, on average, expected a profit of 8.11 billion rupees, according to Thomson Reuters

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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