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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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.

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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