L&T slumps after adjusted profit lags estimates

Tags: Companies
Shares in conglomerate Larsen and Toubro slump more than 5 percent on Wednesday after the company's April-June net profit, adjusted for exceptional items worth 2.49 billion rupees, missed estimates.

Exceptional gain represents gain on divestment of a strategic investment and stake in subsidiary companies, the company said in a statement on Monday.

The extent of losses in the hydrocarbons segment was also a negative surprise, analysts say.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture