L&T: L&T on a firm footing with robust growth in order book

The buoyancy in order flow may continue for the remaining three quarters of the current fiscal year given the prospective orders worth Rs 7.6 lakh crore – over 75% are from the domestic market while the rest from the overseas L&T clocked 23% revenue growth in the June quarter lending credence to its full year guidance of 15% topline growth.

Synopsis

L&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June quarter, higher than the analysts’ estimate of Rs 38,000-39,000 crore. The order flow in core engineering and construction (E&C) business excluding services business expanded by 88% to Rs 28,288 crore helped by a large order win in hydrocarbon segment and other big wins in the transmission and distribution, and the defence sector.

ET Intelligence group: Larsen and Toubro, the country’s largest engineering conglomerate,reported a strong order flow amid the industry’s improving award-to-tender ratio for the June quarter. This and the likelihood of better operating profitability given the softening commodity prices is expected to prompt analysts to upgrade earnings expectations for FY23 by 3-4%.

L&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June

BY

ET Bureau

4 mins read, Last Updated:

Jul 28, 2022, 05:59 AM IST

Gift A Story

Share member-only stories with your friends or family and help them read it for free.

Gifting Limit Reached!

Hey , no more stories left for you to gift.

No worries! You will get a limit of 15 stories next month to share with your friends and family.

Gift This Story

Stories Left!

You can gift upto 15 stories in a month.

• FONT SIZE

  AbcSmall

  AbcMedium

  AbcLarge

• SAVE
• PRINT
• COMMENT

Continue reading with one of these options:

Limited Access

Free

Login to get access to some exclusive stories
& personalised newsletters

Login Now

Unlimited Access

Starting @ Rs120/month

Get access to exclusive stories, expert opinions &
in-depth stock reports

Subscribe Now

To read full story, subscribe to ET Prime

Get Unlimited Access to The Economic Times

₹34 per week

Billed annually at
₹2499 ₹1749

Continue

Already a Member? Sign In now

Already a Member? Sign In now

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Rs 49 for 1st month

Then Rs. 1,749 per year

SUBSCRIBE NOW

Valid only with UPI, Credit & Debit Cards Autopay

Choose Payment Mode & Plan

–

–

–

Subscribe Now

(Credit card mandatory)

You can cancel your subscription anytime

–

–

–

Subscribe Now

(Pay Using Netbanking/UPI/Debit Card)

Netbanking, Credit & Debit Card

Subscribe with Google

₹399/month

Monthly
PLAN

Billed Amount ₹399

₹399

₹208/month

(Save 49%)

Yearly
PLAN

Billed Amount ₹2,499

15
Days Trial
+Includes DocuBay and TimesPrime Membership.

₹399

₹150/month

(Save 63%)

2-Year
PLAN

Billed Amount ₹3,599

15
Days Trial
+Includes DocuBay and TimesPrime Membership.

Subscribe NowSubscribe with

Get ET Prime for just ₹2499 ₹1749/yr

Continue

SPECIAL OFFER ON ET PRIME

Flat 20% Off

ON YEARLY AND 2-YEAR MEMBERSHIP

View Plans

Why ?

• Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

• Stock analysis. Market Research. Industry Trends on 4000+ Stocks

• Clean experience with
  Minimal Ads

• Comment & Engage with ET Prime community

• Exclusive invites to Virtual Events with Industry Leaders

• A trusted team of Journalists & Analysts who can best filter signal from noise