L&T Q2 profit up 33% on healthy order inflow despite Iran war
New Delhi, Oct. 27 -- Larsen & Toubro, seen as a barometer for India's infrastructure sector, reported a 33% rise in quarterly profit on Tuesday, driven by healthy order inflow and a recovery in Middle East business despite the ongoing regional war.
Order inflows rose 28% to 1.48 trillion rupees ($15.56 billion) in the quarter ended September with international orders making up 63% of the total.
Consolidated revenue rose 16% from a year earlier to 787.5 billion rupees, driven by accelerated progress in the various businesses in the projects, products and manufacturing portfolio. International revenue constituted 58% of overall sales.
Revenue in infrastructure and utilities, the firm's biggest segment, rose 6% from a year ago, helped by...
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