INSUBCONTINENT EXCLUSIVE:
New Delhi: Larsen - Toubro (L-T) is likely to report double-digit rise in profit for the December quarter on Wednesday
However, growth in order inflows may stay tepid, which may push the company to cut order inflow guidance for FY20, said analysts.
Outlook
and commentary on key orders in Maharashtra and margins in infrastructure segment will be the key monitorables.
Anand Rathi Financial
Services expects the company to report 10.8 per cent year-on-year (YoY) rise in consolidated profit at Rs 2,618.6 crore
The brokerage sees sales rising 7.3 per cent to Rs 38,317.9 crore on a consolidated basis.
During the third quarter of FY20, L-T received
orders in the range of Rs 3,000 crore to Rs 7,500 crore (ex-services segment), analysts said
It included orders across heavy civil infrastructure, power T-D, water and effluent treatment and transportation infrastructure
suggests better execution rate in the domestic market, said ICICI Direct
Rs 2,034.6 crore with margins expected at 8.8 per cent and adjusted profit after tax expected to grow 8.2 per cent to Rs 1,534 crore,
crore through issuance of non-convertible debentures.
