Dolat Capital: L&T Posts In-Line Q2 Earnings With Rising Execution  
Larsen & Toubro (L&T) employees work in the heavy engineering division in Hajira, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

Dolat Capital: L&T Posts In-Line Q2 Earnings With Rising Execution  

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.

Dolat Capital Report

Larsen and Toubro Ltd.’s Q2 execution indicates gradual improvement as labor availability approached near normal by the end of the quarter.

Order inflows were decent at Rs 281 billion and order book continues to be strong at Rs 3 trillion.

Working capital, at 26.7% sales, while high, is seen from the perspective of the lower revenue base in H1.

The company remains cautious and continues to withhold guidance on FY21 on inflows or execution, though they view H2 positively.

Click on the attachment to read the full report:

Dolat Capital Larsen and Toubro Q2FY21 Result Update.pdf

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