L&T’s Order Inflow Winning Spree Continues, Says Motilal Oswal
Larsen & Toubro Ltd. employees work in the heavy engineering division in Hazira, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

L&T’s Order Inflow Winning Spree Continues, Says Motilal Oswal

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.

Motilal Oswal Report

With new order announcements worth approximately Rs 660 billion (at the midpoint range of the new ticket size classification) after the Q2 FY21 result, year-to-date order inflow in the core business now stands ~ Rs 970 billion, or ~84% of our last published full-year core engineering and construction order inflow assumption.

This is largely helped by large ticket size orders, including two packages of high speed rail and two packages of Barmer refinery project, along with chunky orders in water, rail, and road sector.

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Motilal Oswal L&T Company Update.pdf

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