Home FEATURED NEWS India’s Larsen & Toubro tops Q2 revenue estimates

India’s Larsen & Toubro tops Q2 revenue estimates

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A man walks past the Larsen and Toubro (L&T) head office in Mumbai

A person walks previous the Larsen and Toubro (L&T) head workplace in Mumbai, India, September 2, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights

BENGALURU, Oct 31 (Reuters) – India’s Larsen & Toubro (LART.NS) topped second-quarter revenue estimates on Tuesday, helped by robust demand in its mainstay infrastructure initiatives phase.

Consolidated web revenue after tax rose 44.6% to 32.23 billion rupees ($387.08 million) within the three months ended Sept. 30, beating analysts common estimate of 29.19 billion rupees, in response to LSEG information.

($1 = 83.2643 Indian rupees)

Reporting by Hritam Mukherjee in Bengaluru; Editing by Sohini Goswami

Our Standards: The Thomson Reuters Trust Principles.

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