Under-Recoveries, High Staff Costs Hit Margins: L&T
  • Elizabeth George
  • Oct 18 2013

October 18: L&T CFO R Shankar Raman says margins slipped 90bps due to pricing pressures, rupee depreciation and an underutilisation in power, hydrocarbon and metals businesses. He also speaks about managing interest costs well, scope for additional provisioning, recurring profit, other income and return on investments.