Engineering and construction major Larsen & Toubro (L&T) on Wednesday reported a 16% rise in its consolidated net profit for the July-September quarter, narrowly missing Bloomberg’s consensus estimate. The company posted a profit of Rs 3,926 crore for the period, up from Rs 3,395 crore in the same period last year. Sequentially, profit grew 8.5%. Bloomberg had pegged net profit at Rs 4,005 crore.

Revenue rose 10.4% year-on-year to Rs 67,984 crore in the quarter, compared to Rs 61,555 crore a year earlier, but again fell short of the Bloomberg consensus estimate of Rs 70,478 crore. Operating performance remained steady, though margins were under slight pressure.

L&T’s earnings before interest, tax, depreciation and amortisation ( Ebitda ) stood at Rs 6,806 crore, a 7% rise from Rs 6,362

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