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L&T Q1 revenue $3.2 bln, beats analyst estimates

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Reuters NEW DELHI
Last Updated : Jul 28 2014 | 4:29 PM IST

NEW DELHI (Reuters) - Conglomerate Larsen & Toubro Ltd (L&T) said on Monday revenue totalled 191.23 billion rupees ($3.2 billion) in the first quarter, beating analyst forecasts, after a rise in orders from international clients.

The result for the three months ended June 30 was 10 percent higher than the same period last year and compared with a 114.99 billion rupee mean estimate of analysts, data from Thomson Reuters showed.

L&T makes transport and military equipment and is seen as a bellwether of the economy as a whole. The company has lately been expanding overseas to offset weak demand at home.

(1 US dollar = 60.1250 rupees)

(Reporting by Tommy Wilkes; Editing by David Holmes)

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First Published: Jul 28 2014 | 4:14 PM IST

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