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.

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