Indian industrial group Larsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit...
Larsen & Toubro Ltd (L&T) reported a 6.5 percent rise in its second quarter profit on Friday, beating analyst forecasts after winning new orders in its infrastructure, power and hydrocarbons businesses.
The company said in a statement that net profit came in at 10.42 billion rupees ($169 million) for the three months to September 30. The average estimate of eleven analysts polled by Thomson Reuters was for L&T to make 9.52 billion rupees.
Last year L&T, which lays roads, constructs ships, makes power plant equipment and develops real estate, reported net profit of 9.78 billion rupees.