L&T Q2 net up 15%, expect margin pressures ahead

Moneycontrol Bureau

Larson & Toubro (L&T) has posted a 15% growth in its net profit at Rs 798 crore for the July-September quarter against Rs 694 crore which it posted in the year-ago period.
The company in a statement provided gross sales figures for the quarter under preview which were up 20%  at Rs 11,375 crore year-on-year. The company has given a revenue guidance of 20-25% for the current quarter. Meanwhile, EBITDA margin stood at 10.44% versus 10.78%.
Further, the company said it expects a margin contraction by 75-125 bps from the earlier 50-75 bps for FY12.
The company said the order inflow of Rs 18,096 crore during the quarter took the company