The company had clocked Rs 966.89 crore net profit in the April-June quarter of 2014-15. "Consolidated Profit After Tax (PAT) for the quarter ended June 30, 2015 at Rs 606 crore was lower vis-à-vis PAT of Rs 967 crore for the corresponding quarter of the previous year," the company said in a statement.

The PAT for the corresponding quarter of previous year including divestment gains was Rs 1,383 crore. The company's net sales grew 6.73 percent to Rs 20,252.17 crore during the quarter as against Rs 18,974.75 crore revenue from operations in the year-ago period.

L&T said its international revenue during the quarter, at Rs 6,609 crore, constituted 32 percent of the total revenue. Total expenditure rose to Rs 18,584.18 crore as against Rs 17,271.07 in the year-ago period.

The company stated, “ The business environment stays challenging in the short term and the domestic infrastructure sector awaits the translation of various policy and budgetary initiatives into a definitive capital expenditure programme.”

"The company successfully won new orders worth Rs 26,376 crore at the group level during the quarter...International orders during the quarter at 8,110 crore constituted 31 percent of the total order inflow".

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