Mumbai: Construction firm Larsen & Toubro Ltd 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 Rs 610 crore compared with Rs 419 crore a year earlier. Analysts, on average, expected a profit of Rs 811 crore, according to Thomson Reuters I/B/E/S.
Mumbai: Construction firm Larsen & Toubro Ltd 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 Rs 610 crore compared with Rs 419 crore a year earlier. Analysts, on average, expected a profit of Rs 811 crore, according to Thomson Reuters I/B/E/S.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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