 "A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai")
Engineering conglomerate Larsen & Toubro (L&T) has missed its order inflow and revenue guidance for the financial year 2016-17, and the company expects headwinds to continue in the current financial year.
For the quarter ended March 2017, the company reported a net profit of Rs 3,024.61 crore, 30 per cent more than Rs 2,335.20 crore reported in the same period a year ago.
The company’s revenue was at Rs 36,830 crore, 12 per cent up from Rs 32,880 crore in the corresponding period of 2016.
“In our assessment, the performance has been satisfactory in the backdrop of the current environment
