During the June 2014 quarter, the engineering major had reported a net profit of Rs 966.89 crore following a one-time gain of Rs 1,383 crore from the proceeds of Dhamra port sale and stake sales in two subsidiaries.
During the reporting quarter, total revenue increased 6.73 per cent to Rs 20,252.17 crore, from Rs 18,974.75 crore a year earlier.
The exceptional gains last year included the proceeds from the sale of Dhamra port, sale of stake in L&T Finance Holding and L&T Finance Holding selling its stake in City Union Bank, he said.
International revenue stood at Rs 6,609 crore, which constituted 32 per cent of the total revenue, while international order book accounted for 26 per cent of the total order book.
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On the overall business environment, Raman said the government needs to speed up the reforms process though there are some signs of improving macroeconomic trends.
"Though favourable conditions to contain fiscal deficit and a likely easy money policy are expected to enthuse an investment-friendly framework, overall investment climate is subdued against the backdrop of global uncertainties and the unhurried pace of reforms in the country," Raman said.
"What is important is public spending should improve, financial conditions of banks should improve as well as global headwinds need to settle down. Private sector investment in the industrial sector is constrained by weak demand, low commodity prices and under utilisation of existing capacities.