Indian industrial group Larsen & Toubro Ltd reported a 53 percent rise in third-quarter profit, beating analysts’ expectations, as new orders rose, mainly in the infrastructure and hydrocarbon segments. Net profit rose to 14.90 billion rupees ($234.20 million) in the quarter ended Dec. 31, from 9.72 billion rupees a year earlier. Analysts on average were expecting a net profit of 14.63 billion rupees, according to Thomson Reuters data. Revenue from operations rose 9.4 % to 287.47 billion rupees, with international revenue constituting 35 % of the total. ($1 = 63.6200 Indian rupees)

Source: Hindustan Times January 31, 2018 11:03 UTC