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Larsen operating profit may lag estimates - StarMine

Source : REUTERS
Last Updated: Mon, Jul 22, 2013 05:49 hrs

India's Larsen & Toubro Ltd (L&T) may miss operating profit consensus forecast for April-June when it reports results later in the day, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects L&T to report an operating profit of 13 billion Indian rupees ($217.99 million)for the quarter, compared with a consensus mean estimate of 13.86 billion rupees.

Shares in L&T are up 0.6 percent at 0522 GMT.

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