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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The NDA government would do well to keep its economic focus in place

    It is as if the worst horrors conjured by liberal secularists about India’s prime minister could be finally coming true.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture