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Outcome date: 12th Might, 2022
Suggestion: Purchase
Goal worth: Rs2,260
Supply: IIFL Analysis
Larsen & Toubro (L&T) witnessed EPC order inflows between Rs9,000-22,000 crore (ex-services phase) in the course of the March 2022 quarter. These inflows encompassed segments of railway, hydrocarbon, energy T&D, water remedy, heavy engineering and buildings & factories. Wholesome order influx is commendable given the difficult macro surroundings.
Suggestion: Purchase
Goal worth: Rs2,260
Supply: IIFL Analysis
Larsen & Toubro (L&T) witnessed EPC order inflows between Rs9,000-22,000 crore (ex-services phase) in the course of the March 2022 quarter. These inflows encompassed segments of railway, hydrocarbon, energy T&D, water remedy, heavy engineering and buildings & factories. Wholesome order influx is commendable given the difficult macro surroundings.
Firm is all set to submit 11% development in its standalone income as in comparison with the year-ago quarter.
Improved execution might drive 10% development in EBITDA and maintain EBITDA margin steady.
Revenue After Tax (PAT) is prone to develop at a quicker tempo in comparison with income, and shall be pushed by decrease outgo in the direction of curiosity expense and taxes.
Vital administration insights to be careful for:
· Commentary on order inflows, execution tempo
· Traits into working capital and money movement administration
Rs Crore |
March 2022 estimates |
YoY change |
QoQ change |
Income |
33,000 |
11.1% |
53.4% |
EBITDA |
3,956 |
9.5% |
129.0% |
Revenue After Tax |
2,980 |
20.6% |
78.7% |
Supply: Brokerage stories
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