ICICI Direct: Larsen & Toubro Q2 Review - Execution Seeing Green Shoots Of Recovery
A security guard stands outside a project office at a construction site for the Lucknow Metro developed by Lucknow Metro Rail Corp. and operated by Larsen & Toubro Ltd. in the Hazratganj area of Lucknow. (Photographer: Prashanth Vishwanathan/Bloomberg)

ICICI Direct: Larsen & Toubro Q2 Review - Execution Seeing Green Shoots Of Recovery


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ICICI Direct Report

Larsen and Toubro Ltd.’s adjusted standalone revenues (excluding electrical and automation business) for the quarter degrew 15.8% YoY to Rs 15791.7 crore versus our estimate of Rs 15102.3 crore.

On a standalone basis, infrastructure segment posted a muted performance with revenue decline of 20.4% to Rs 12451.7 crore YoY.

Heavy engineering segment revenue remained flat at Rs 708.1 crore YoY. On the other hand, power segment revenues saw some respite growing 40.1% to Rs 688.7 crore.

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ICICI Direct Larsen & Toubro Q2FY21 Result Update.pdf


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