Q3: Larsen & Toubro expects margins to drop
Larsen & Toubro expects its overall profit margins to drop due to tough business conditions, Chief Financial Officer R Shankar Raman said.
By PTI | Updated:
MUMBAI: Engineering conglomerate Larsen & Toubro Ltd (L&T) expects its overall profit margins to drop due to tough business conditions, Chief Financial Officer R Shankar Raman said on Monday.
The company earlier said a rise in industrial output and easing inflationary pressure are positives after reporting a better-than-expected 18 percent rise in quarterly profit, mainly helped by treasury gains and dividends from its subsidiaries.
The company earlier said a rise in industrial output and easing inflationary pressure are positives after reporting a better-than-expected 18 percent rise in quarterly profit, mainly helped by treasury gains and dividends from its subsidiaries.
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