Larsen and Toubro (L&T) has reported a net profit of Rs 991 crore in the third quarter of FY12. Shailesh Kanani, research analyst at Angel Broking says, the company has done very well on the execution front, but margin has taken a hit. “Margins are a shocker; 9.5% is quite lower than the expectation,” he adds.
first published: Jan 23, 2012 03:28 pm
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