Hedging loss to be around Rs 200cr: L&T

Larsen & Toubro (L&T), in a release issued to the BSE today, said there could be a loss in commodity hedging of around Rs 200 crore during the current fiscal.

"There has been extreme volatility in the markets, especially in commodity prices. The company has exposure in commodities and part of it is being hedged by it. As per the un-audited numbers, there could be a loss in commodity hedging of around Rs 200 crore. The actual number will get crystalized on finalization of accounts," the release added.

The company has reduced the exposures to a considerable extent, the release added.

The company has maintained its guidance on order booking, sales and operating margins for the year with an emphasis on improvement in the operating margins.