L&T Q1 net profit rises 21% to Rs 1,472.58 crore, maintains guidance

Larsen & Toubro’s (L&T’s) net profit for the quarter ended June 30 rose 21 per cent on the back of improved performance. The company’s management maintained its guidance for the financial year, though it expects order inflow to remain volatile.

Top officials at L&T feel that private investment is unlikely to make a comeback for 12-18 months. 

For the April-June 2019 quarter, L&T reported a net profit of Rs 1,472.58 crore against Rs 1,214.78 crore reported in the same quarter a year ago.

Order inflow for the company during the quarter was at Rs 38,700 crore, witnessing a growth of 11 per cent