INSUBCONTINENT EXCLUSIVE:
Global brokerages retained their bullish view on Larsen - Toubro (L-T) after the engineering and construction major on Wednesday posted a
6.83 per cent year-on-year (YoY) rise in net profit at Rs 2,770.43 crore for the quarter ended September 2019.
The scrip was trading 1.70
per cent higher at Rs 1,455.30 in the early trade, while the benchmark BSE Sensex was up 235 points, or 0.60 per cent, at 39,293 at around
Hydrocarbon is the star performer segment
order book guidance for the remainder of the year at 12 per cent and a revenue guidance of 15 per cent
Revenue from operations increased 15.15 per cent to Rs 35,328 crore, while pre-tax profit increased 14 per cent to Rs 4,020 crore.
CLSA also
111 per cent to Rs 16,700 crore in Q2FY20 as against a marginal decline in domestic orders to Rs 31,600 crore.
Consolidated order book now
stands at Rs 3.03 lakh crore and will be requiring over two-and-a-half years to execute the same, PTI reported quoting chief executive SN
According to ICICI Securities, L-T has consistently been delivering in terms of bagging orders, strong order execution, though with some
12.6 per cent revenue CAGR (Ex-E-A business) and 15.7 per cent PAT CAGR (compounded annual growth rate) on a standalone basis over FY19-21E
which is likely to improve return ratios
