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India's L&T June qtr profit falls short of estimates
July 29, 2016 / 11:11 AM / a year ago

India's L&T June qtr profit falls short of estimates

MUMBAI, July 29 (Reuters) - Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts’ estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business.

Net profit for the April-June quarter was 6.10 billion rupees ($91.04 million) compared with 4.19 billion rupees a year earlier. Analysts, on average, expected a profit of 8.11 billion rupees, according to Thomson Reuters I/B/E/S. ($1 = 67.0050 Indian rupees) (Reporting by Zeba Siddiqui and Promit Mukherjee in Mumbai; Editing by Sherry Jacob-Phillips)

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