L&T: Strong order prospects to make up for L&T missing Q3 estimates

On the working capital side, collections have been improving as the government has ensured timely payment to the company in the last two years.

Synopsis

Larsen & Toubro’s profit from its core engineering and construction segment surpassing the pre-Covid levels in the first nine months of the fiscal year, and strong order prospects in the ongoing fourth quarter, may outweigh the pressure on the stock after its third-quarter earnings missed the consensus estimate.

ET Intelligence Group: Larsen & Toubro’s profit from its core engineering and construction segment surpassing the pre-Covid levels in the first nine months of the fiscal year, and strong order prospects in the ongoing fourth quarter, may outweigh the pressure on the stock after its third-quarter earnings missed the consensus estimate.

The performance of L&T’s core segment shows that the company is on track to meet its full-year order inflow,

BY

ET Bureau

5 mins read, Last Updated:

Jan 31, 2022, 06:30 AM IST

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