L&T has reported revenue growth on the back of fresh orders, even as it said that the private sector investments look subdued in the next 15-18 months.
Addressing reporters on its first quarter performance, SN Subrahmanyan, CEO & MD, said: “Don’t see businesses adding capacity even if they want to. Availability of liquidity is a question,” he said.
While the sentiment in the industry is low, L&T’s results have been good, especially since the management had said in the March-ended quarter that it expects a modest start to the first half of 2019-20.
For the first quarter of 2020 fiscal, L&T reported consolidated profits of ₹1,473 crore — a 21.2-per cent increase compared to the ₹1,215 crore it posted in the same period last year.
