homeearnings NewsL&T Q3 Result: Exceptional item aids profit, high costs keep margin under pressure

L&T Q3 Result: Exceptional item aids profit, high costs keep margin under pressure

L&T Q3 Result: Exceptional item aids profit, high costs keep margin under pressure
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By Hormaz Fatakia  Jan 30, 2023 5:24:23 PM IST (Updated)

L&T's consolidated order book stood at Rs 3.86 lakh crore, with a quarter of that coming from the international business.

Engineering and infrastructure conglomerate Larsen & Toubro Ltd. reported results that missed street expectations for the December quarter due to challenges seen in the manufacturing segment.

The company's revenue was in-line with expectations while net and operating profit missed estimates by low to mid-single-digits. EBITDA margin also contracted 80 basis points from the same period last year.
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