Larsen & Toubro Ltd (LARTq.L)
29 Jul 2016
Fri, Jul 29 2016
MUMBAI, July 29 Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business.
DOHA Larsen & Toubro Ltd has secured a contract to build a $135 million stadium for Qatar's 2022 World Cup, an official told Reuters on Monday, a boost for the Indian firm facing a slowdown in its key Middle East market due to low oil prices.
May 26 Indian shares rose nearly 2 percent on Thursday to post their third session of gains, as Larsen & Toubro surged after upbeat March-quarter results, raising hopes about the domestic economy.
May 26 Indian shares rose more than 1 percent on Thursday, heading for their third session of gains, as Larsen & Toubro surged after upbeat March-quarter results, raising hopes about the domestic economy.
* Looking at Far East, Africa to counter Middle East slowdown (Adds management comments, details)
MUMBAI, May 25 Industrial group Larsen & Toubro Ltd reported a better-than-expected 19 percent rise in its fourth-quarter net profit, as it won more orders for building roads and power transmission networks.