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BENGALURU: India’s Larsen and Toubro reported third-quarter profit below estimates on Tuesday as government spending on infrastructure tapered ahead of a national election.
The company reported a consolidated net profit of 29.47 billion rupees ($355 million) for the quarter ended Dec. 31, compared with analysts’ estimate of 33.04 billion rupees as per LSEG data.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Varun H K)
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