Mumbai, May 5 -- Engineering conglomerate Larsen & Toubro which has heavily diversified into West Asia in recent years reported minimal impact from the regional war on its revenues and order inflows, even as the knock-on effect of the conflict took a toll on its margins.
The input cost inflation in the March quarter "robbed" the company of its work on cost control, dragging down core segment margins below its guidance, R. Shankar Raman, the company's president, whole-time director and chief financial officer said. The core segment includes all of L&T's businesses except information technology (IT) services, financial services, the Nabha power plant and the Hyderabad Metro.
India's largest engineering and construction company reported 8....
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