Larsen & Toubro June-quarter profit up 46 percent, misses estimates

Engineering and construction company Larsen & Toubro Ltd posted an about 46 percent increase in June-quarter net profit, boosted by higher revenue from its infrastructure business.

Net profit rose to 8.93 billion rupees ($139.19 million) in the quarter ended June 30, from 6.10 billion rupees a year earlier. (http://bit.ly/2v3N4kq)

Analysts on average had expected a net profit of 9.27 billion rupees, according to Thomson Reuters data.

Revenue from the infrastructure segment, which accounted for about 44 percent of the company`s total income in the quarter, rose 15.5 percent to 107.28 billion rupees.($1 = 64.1550 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)