News > Larsen & Toubro records 15 per cent rise in Q3 profit; misses estimates

Larsen & Toubro records 15 per cent rise in Q3 profit; misses estimates

Engineering and construction major Larsen & Toubro (L&T) reported a consolidated net profit of Rs 2,947 crore. Revenue of the company stood at Rs 55,128 crore, a 19 per cent increase from the year-ago period. Analysts had pegged a 30 per cent increase in profit at Rs 3,324.3 crore year-on-year and revenue was expected to increase by 20 per cent to Rs 55,720 crore. This is the slowest topline growth reported by the company since the last two quarters.