ECONOMY

L&T Q1 Review – Tendering Pipeline Remains Robust: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Larsen and Toubro Ltd. reported healthy set of numbers led by execution pick-up across segments along with cost rationalisation measures, resulting into margin expansion (up 319 basis points y-o-y).

Delay in tendering and awarding activity resulted in orders inflow coming in at ~Rs 266 billion in Q1 FY22.

Order book stands strong at Rs 3.2 trillion (2.2 times trailing twelve months revenues).

L&T’s management indicated strong bid pipeline at Rs 8.96 trillion, largely from Infra and hydrocarbon.

With good ordering traction from segments such as metros, rural water supply, minerals and metal, power, transmission and distribution and hydrocarbon offshore, management maintained its guidance of low to mid teen order inflows and revenue growth for FY22.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Q1FY22 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
editorpen Governmental News Finance News

Source link

Back to top button