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 September 19, 2014, Larsen and Toubro closed at Rs 1535.30, down Rs 39.6, or 2.51 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 777.10.
The company's trailing 12-month (TTM) EPS was at Rs 62.86 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 24.42. The latest book value of the company is Rs 362.65 per share. At current value, the price-to-book value of the company is 4.23.
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