 "L&T's December quarter net profit up 37%; order inflow down 12%")
Engineering conglomerate Larsen & Toubro (L&T)'s December quarter net profit rose 37 per cent on improved operating performance and a higher other income. With general elections due in few months, the management expects order inflow to remain dull for some time.
“What happens in the June quarter is difficult to tell due to elections, last part of the March quarter and first part of the June quarter will be dull,” said SN Subrahmanyan, chief executive officer and managing director for L&T. He added the slow down would be for government orders, while private sector order inflow is likely to continue.
