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