LT — L&T Q1 net profit rises 14%, but margin contraction weighs on performance

Larsen & Toubro posted a 14% increase in its first-quarter net profit, benefiting from a strong order book across its various business segments. However, the engineering and construction conglomerate faced headwinds from rising costs, which led to a contraction in its operating margins. The mixed results highlight the ongoing challenge of balancing growth with profitability amid inflationary pressures.