Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.
Fourth-quarter profit was 31.80 billion rupees ($493.00 million), compared with a profit of 24.82 billion rupees a year earlier, while total income from operations rose 12 percent to 368.28 billion rupees.
Analysts on average had expected a consolidated net profit of 25.92 billion rupees, according to Thomson Reuters data.
Gross revenue from the infrastructure segment increased 8 percent on progress of jobs under execution, the company said on Monday.