For second quarter FY12, the engineering major Larsen & Toubro's (L&T's) net profit was up 15% at Rs 798 crore against Rs 694 crore in the same quarter last year and the gross sales were up 20% at Rs 11,375 crore YoY. Moreover, the company revised its FY12 order inflow guidance to 5% from 15% earlier.
While Shailesh Kanani, senior research analyst of Angel Broking feels the company has had decent order inflow, Lokesh Garg of Kotak Institutional Equities elucidates L&T
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