L&T Q1 revenue $3.2b, beats analyst estimates

Tags: Companies
Conglomerate Larsen & Toubro Ltd (L&T) said on Monday revenue totalled 191.23 billion rupees ($3.2 billion) in the first quarter, beating analyst forecasts, after a rise in orders from international clients.

The result for the three months ended June 30 was 10 percent higher than the same period last year and compared with a 114.99 billion rupee mean estimate of analysts, data from Thomson Reuters showed.

L&T makes transport and military equipment and is seen as a bellwether of the economy as a whole. The company has lately been expanding overseas to offset weak demand at home.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Hate in the time of bhaijaan

A few days ago I went to watch Bajrangi Bhaijaan, ...

Purnendu Ghosh

Death reveals the true colours of life

Death is instantaneous but it comes progressively. Some say, death ...

Gautam Gupta

Our fashion schools need to notch it up

"Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture