{"id":316276,"date":"2020-01-24T12:15:04","date_gmt":"2020-01-24T06:45:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316276"},"modified":"2020-01-24T12:30:47","modified_gmt":"2020-01-24T07:00:47","slug":"lt-profit-rises-13-8-to-%e2%82%b92161-crore-in-december-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-profit-rises-13-8-to-%e2%82%b92161-crore-in-december-quarter\/","title":{"rendered":"L&amp;T profit rises 13.8% to \u20b92,161 crore in December quarter"},"content":{"rendered":"<p>Our Bureau L&amp;T has reported a satisfactory Q3 on the back of strong execution in a challenging business climate. The company maintained that it will reach its annual revenue guidance for FY20.<\/p>\n<p>Addressing media persons, SN Subrahmanyan, CEO and MD, L&amp;T, said it has been a challenging nine months and the Q3 results need to be seen in the backdrop of the economy growing at an estimated sub-5 per cent. i \u201cIt is not good news for us as we have to depend on the investment momentum,\u201d added R Shankar Raman, CFO.<\/p>\n<p>L&amp;T, which has a huge play in infrastructure and other segments, has seen a double whammy over the past nine months \u2014 a slowing down in both private and public sector spending. On the infrastructure front, L&amp;T met execution challenges due to a combination of factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Bureau L&amp;T has reported a satisfactory Q3 on the back of strong execution in a challenging business climate. The company maintained that it will reach its annual revenue guidance for FY20. Addressing media persons, SN Subrahmanyan, CEO and MD, L&amp;T, said it has been a challenging nine months and the Q3 results need to be seen in the backdrop of the economy growing at an estimated sub-5 per cent. i \u201cIt is not good news for us as we have to depend on the investment momentum,\u201d added R Shankar Raman, CFO. L&amp;T, which has a huge play in infrastructure [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-316276","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316276"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316276\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}