Larsen and Toubro Ltd (L&T) on Wednesday July 25,2018 posted a 36% rise in Q1
profit, beating street estimates, helped by strong performance in its
infrastructure business.
Net profit rose to ₹ 1,215 crore ($176.80 million) in the quarter ended 30 June from ₹ 893 crore a year earlier, the company said in a statement.
Analysts on average had expected a net profit of ₹ 1,186 crore, according to Thomson Reuters I/B/E/S.
Customer revenue from the infrastructure segment rose 9% to ₹ 12,135 crore while overall revenue from operations jumped about 18% to ₹ 28,283 crore.
Net profit rose to ₹ 1,215 crore ($176.80 million) in the quarter ended 30 June from ₹ 893 crore a year earlier, the company said in a statement.
Analysts on average had expected a net profit of ₹ 1,186 crore, according to Thomson Reuters I/B/E/S.
Customer revenue from the infrastructure segment rose 9% to ₹ 12,135 crore while overall revenue from operations jumped about 18% to ₹ 28,283 crore.
No comments:
Post a Comment