strongLarsen and Toubro/strong crashed 11% on the back of dissappointing second quarter numbers. The company’s Q2 topline is in line while bottomline is below street expectations. Net sales stood at Rs 7682.20 crore and net profit at Rs 460.26 crore while market estimated numbers were Rs 7,314 crore and Rs 494 crore, respectively. Margins also declined tostrong 8.8% from 10.7%/strong YoY. There was about strong25% cut/strong which let the Indian market go down.
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