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r88 2

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Ambit Capital

Larsen & Toubro's Q4FY14 standalone revenues of R200.8 bn were in line with our estimates, but Ebitda margin of 14.4% (vs est. of 12%) was higher... ...

http://www.financialexpress.com/news/sell-rating-larsen-and-toubro-as-cash-flow-generation-weakens-ambit-capital/1258569/

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