Larsen & Tubro today reported a net profit of Rs 756 crore in the first quarter of FY14. The company's profit has declined 12% since the same period last year when it posted profit of Rs 864 crore.
The company's net sales stood at Rs 12,555 crore in the same period.
The contruction and engineering company's order inflow in the quarter was at Rs 25,159 crore, improving 28%. Order book as on June 30 stood at Rs 1.65 lakh crore.
Other income reported today was Rs 472.6 crore versus Rs 608 crore in the same period last year. The company's EBITDA margin was at 8.5%.
Reacting to the result, the company's scrip was trading at Rs 914.6 per share, down 6.16% from previous close at 1408 hours.
The company said it will continue to focus on West Asia, Africa, South Asian markets. It also said that EBITDA margins had shrunk due to industry pressures and they will not be revising its FY14 guidance.
However, the company said, it continues to see concerns in the power sector.
The company's net sales stood at Rs 12,555 crore in the same period.
Other income reported today was Rs 472.6 crore versus Rs 608 crore in the same period last year. The company's EBITDA margin was at 8.5%.
Reacting to the result, the company's scrip was trading at Rs 914.6 per share, down 6.16% from previous close at 1408 hours.
The company said it will continue to focus on West Asia, Africa, South Asian markets. It also said that EBITDA margins had shrunk due to industry pressures and they will not be revising its FY14 guidance.
However, the company said, it continues to see concerns in the power sector.
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