L&T Q2 net up 32%

The firm maintains full-year revenue growth guidance at 12%; trims order inflow guidance to marginal y-o-y growth for FY18

Infrastructure giant Larsen & Toubro (L&T) reported a consolidated net profit after accounting for losses in joint ventures and associates of Rs 2,020 crore in September quarter, up 32 percent increase from the corresponding period last year.

Though the company’s topline in the period under review stood at Rs 26,447 crore, up 6 per cent from the corresponding period last year, the management has maintained the full-year revenue growth guidance for the current fiscal.

There was an exceptional item on account of divestment of a subsidiary of Rs 136.7 crore in Q2 FY18. In the previous corresponding quarter, the exceptional