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.
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.
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 November 21, 2014, Larsen and Toubro closed at Rs 1665.55, up Rs 23.35, or 1.42 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 946.45.
The company's trailing 12-month (TTM) EPS was at Rs 63.52 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 26.22. The latest book value of the company is Rs 362.41 per share. At current value, the price-to-book value of the company is 4.60.
READ MORE ON larsen and toubro, guidance, growth forecast, FY14, engineering and construction company, infrastructure, economy, domestic economy
Set email alert for
ADS BY GOOGLE
video of the day
Be careful while betting on midcaps; like Kotak: Dimensions