Bengaluru: Industrial conglomerate Larsen and Toubro Ltd (L&T) on Wednesday posted a 36% rise in Q1 profit, beating street estimates, helped by strong performance in its infrastructure business. Net profit rose to 1,215 crore ($176.80 million) in the quarter ended 30 June from 893 crore a year earlier, the company said in a statement. Analysts on average had expected a net profit of 1,186 crore, according to Thomson Reuters I/B/E/S.

Customer revenue from the infrastructure segment rose 9% to 12,135 crore while overall revenue from operations jumped about 18% to 28,283 crore.