L&T net profit up 19% to ₹2,454 crore
Larsen & Toubro (L&T) on Wednesday reported 18.55% jump in consolidated net profit at ₹2,453.64 crore for the quarter ending March, on the back of higher income driven by infrastructure segment. The company said it is bidding for projects in Far-East and Africa to counter a slowdown in its key Middle East market, which is hurt by lower oil prices.