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E-mail ID will not be published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

  • Mutual fund stakeholders should focus on better returns in a bullish market

    The association of mutual fund of India (AMFI) has recently capped the commission paid to distributors of mutual fund schemes to a maximum of 1 per ce

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

Roopen Roy

What we can learn from Singapore

Lee Kuan Yew passed away at the age of 91 ...

Rajgopal Nidamboor

Don’t depend too much on ‘heroes’

We all have our own set of ‘heroes’ — not ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture