Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 per cent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company.
Analysts expected the company to report a net profit of Rs 1,856 crore (Rs 18.56 billion), according to Thomson Reuters I/B/E/S.
Shares in the company, valued at more than $18 billion, fell 3 per cent after results.