L&T profit up 39%; revises its revenue, order inflow guidance

Management noted demonetisation caused disruption, would be difficult to quantify scale of impact

Engineering major Larsen & Toubro (L&T) on Saturday revised downwards its guidance for order inflow and revenue growth in the current financial year citing delays in ordering activity and other execution headwinds. For quarter ended December 2016, the company reported a 39 per cent jump in net profit owing to a better operational performance.

The management noted demonetisation has caused disruption but said it would be difficult to quantify the scale of the impact.

L&T in the October-December 2016 quarter reported a consolidated net profit of Rs 972. 47 crore against Rs 700.34 crore reported in the same period a year ago.