L&T consol Q1 consol net rises 45% to Rs 1,702 crore

Engineering and construction major Larsen & Toubro (L&T) on Monday posted a 44.92% rise in consolidated net profit at Rs 1,702.07 crore for the seasonally-weak quarter ended June, helped by the performances of its major businesses. In comparison, the company had posted a net profit of Rs 1,174.44 crore for the same period a year ago.

L&T’s earnings beat Bloomberg analysts’ consensus estimate, who were expecting it to post a net profit of Rs 1,647.05 crore.