The company, which had seen a steep rise in production costs during the pandemic, has now started to reap the benefits of freight and raw material costs gradually receding.
(Bloomberg) The Red Sea shipping crisis is sending waves through Asia’s fuel markets, hoisting costs even on routes that don’t use the waterway, while spurring sellers to reduce cargo premiums to offset the higher freight.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetSingapore’s $200,000 Toyotas Fuel Angst Over Wealth GapHouthi Hit on Russian Fuel Has Traders Recalculating RisksThree US Troops Killed in Attack Tied to Iran-Backed GroupsTrump’s Cash Sto
While L&T demonstrates resilience with domestic and West Asian orders, caution is advised due to potential impacts of regional tensions and increased freight costs on operations