India's L&T first quarter profit rises on strong domestic execution
India's L&T first quarter profit rises on strong domestic execution July 28 (Reuters) - Indian construction major Larsen & Toubro (L&T)LART.NS on Tuesday reported a 14% rise in first-quarter profit, as robust performance in its home market helped overcome the impact from the Middle East conflict.
Consolidated net profit for the company, considered a bellwether for capital expenditure in the Indian economy, rose to 41.23 billion rupees ($430.14 million) for the quarter ended June 30 from 36.17 billion rupees a year ago.
($1 = 95.8525 Indian rupees)
(Reporting by Urvi Dugar, Edting by Harikrishnan Nair)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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