BENGALURU (Reuters) – Indian engineering and construction company Larsen & Toubro Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday on higher project executions amid robust order inflow.
L&T’s consolidated net profit rose 10.1% to 39.87 billion rupees ($487.5 million) in the quarter ended March 31 from a year earlier.
Analysts, on average, had expected a profit of 39.23 billion rupees, according to Refinitiv IBES data.
($1 = 81.7800 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; editing by Eileen Soreng)
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