Larsen & Toubro (L&T) has reportedly said, that it is not revising its growth forecast for the current fiscal year that ends in March 2014. The country’s largest engineering and construction company, in May had forecasted sales growth in the range of 15 to 17 percent for the current fiscal year.
L&T posted a surprise drop in its fiscal first-quarter net profit as a weak domestic economy hit spending on infrastructure projects. On standalone basis, the company has posted a fall of 12.46% in its net profit at Rs 756.03 crore for the quarter ended June 30, 2013 as compared to Rs 863.65 crore for the same quarter in the previous year. However, total income has increased by 3.69% at Rs 13027.66 crore for quarter under review as compared to Rs 12563.47 crore for the quarter ended June 30, 2012.
Larsen & Toubro is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Henning Holck-Larsen and S.K. Toubro into India.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3940.00 |
| Rail Vikas Nigam | 295.40 |
| NCC | 166.20 |
| KEC International | 581.65 |
| Kalpataru Projects | 1260.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: