L&T Q3 Review - Execution Momentum Returning To Normalcy: Prabhudas Lilladher 
A worker smoothes the edges of metal casing at the company factory of Larsen and Toubro Ltd. Heavy Engineering Division in Mumbai, India (Photographer Santosh Verma/Bloomberg).

L&T Q3 Review - Execution Momentum Returning To Normalcy: Prabhudas Lilladher 

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.

Prabhudas Lilladher Report

Larsen and Toubro Ltd. reported a healthy set of numbers led by a pick-up in execution in its core infra segment, owing to improved workforce availability and supply chain issues normalizing.

During Q3, the company recorded the highest ever order inflows of Rs 732 billion, up 76% YoY led by large order wins in infra and hydrocarbon segment in the domestic market.

Order book stands strong at Rs 3.3 trillion providing strong revenue visibility for the next two-three years.

Management indicated that order pipeline stands healthy at approximately Rs 2.65 trillion with good traction witnessed in sectors such as metros/ regional rapid transit system /HSR, roads and expressways, water, renewables and power transmission and distribution.

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Q3FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.