New Delhi, July 28 -- The US-Iran war weighed on the margins and order inflow for Larsen & Toubro Ltd for the second straight quarter, even as one-off gains and a large order in Europe helped India's largest engineering, procurement, and construction (EPC) company report better headline numbers.

The company's management is hopeful of a resurgence in the current quarter in order inflow from West Asia, now arguably the most important geography for its infrastructure business. It also expects a return to normal project execution timelines, as slower execution is eating into its margins.

L&T reported a profit of Rs.4,123 crore attributable to owners during the quarter ended 30 June, up 14% year-on-year but below the Rs.5,266 crore consensus...