L&T Q3 Review - Execution Gradually Regaining Ground Amid Recovery: ICICI Direct
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 de-grew 1.3% YoY to Rs 19619.8 crore versus our estimate of Rs 19984.8 crore.
On a standalone basis, infrastructure segment revenue (contributing approximately 77%) fell 7.9% to Rs 15106.8 crore YoY due to job mix and site productivity however execution improved sequentially due to higher workforce mobilisation and supply chain normalisation.
On a consolidated basis, adjusted revenues from continuing operations fell 1.8% to Rs 35596.3 crore YoY.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.