Larsen & Toubro is among the few stocks which reacts positively to good quarterly results. The March quarter results, published about a fortnight ago, satisfied the key performance yardsticks on most fronts. While revenues and net profit came ahead of estimates, the engineering giant posted five per cent growth in order flows for FY17 — a welcome change as the past two years have been tough. L&T’s management has raised its benchmark for a few parameters. It expects revenue to grow by 12 per cent in FY18 and the order book to improve by 12-14 per cent.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
What you get on Business Standard Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
-
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
-
26 years of website archives.
-
Preferential invites to Business Standard events.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Tue, June 13 2017. 00:43 IST
RECOMMENDED FOR YOU