Focus on capital formation is the best way to create employment: L&T CEO

In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs

Larsen & Toubro (L&T), India's bellwether engineering, construction and hi-tech manufacturing company, last month reported a more than two-fold increase in net profit. In an interview with Jyoti Mukul & Aditi Divekar, its chief executive officer & managing director, S N Subrahmanyan, shares the company's expectations across business verticals and the attempts at cost management. Edited Excerpts:

1. How far has the company been able to recover to pre-pandemic growth level? Do you see the growth sustaining in the coming quarters?

In Q1FY22, India was impacted by the second Covid wave. Both, the proliferation of infections and fatalities were significantly