BENGALURU (Reuters) – India’s Larsen and Toubro reported first-quarter profit slightly above estimates on Wednesday, cushioned by earnings from previously-commissioned projects.
The company reported consolidated net profit of 27.86 billion rupees ($332.9 million) for the quarter ended June 30. Analysts were expecting a profit of 27.44 billion rupees, per LSEG data.
($1 = 83.6870 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru; Editing by Varun H K)
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