Jul 22, 2013, 03.47 PM IST | Source: Reuters

L&T to maintain 15-17 percent growth forecast

Engineering and construction major Larsen and Toubro is not revising its growth forecase for FY14, the company's chief financial officer R Shankar Raman said.

L&T to maintain 15-17 percent growth forecast

Larsen & Toubro (L&T) is not revising its growth forecast for the current fiscal year that ends in March 2014, chief financial officer R. Shankar Raman told reporters on Monday.

Also read: L&T Q1 misses forecast, net falls 12.5% to Rs 756 cr

L&T, India's largest engineering and construction company, had in May forecast 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.

Larsen stock price

On April 16, 2014, Larsen and Toubro closed at Rs 1260.50, down Rs 37.25, or 2.87 percent. The 52-week high of the share was Rs 1325.80 and the 52-week low was Rs 678.10.


The company's trailing 12-month (TTM) EPS was at Rs 51.37 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 24.54. The latest book value of the company is Rs 272.53 per share. At current value, the price-to-book value of the company is 4.63.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1716.75 10.45 0.61%

129145

Bought today

86953

Sold today

1.59%

User holding

video of the day

Ambit Cap eyes two years of market cheer; bets on cyclicals

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.