Brokerage Edelweiss expects the engineering and construction major to log a year-on-year fall of 1.8 per cent in net profit to Rs 2,121 crore in the third quarter of the current financial year, from Rs 2,161 crore in the corresponding period a year ago. This is even as sales are seen rising 8.5 per cent to Rs 39,322 crore from Rs 36,243 crore YoY.
“We expect core EPC revenues (ex-E&A) to grow 12 per cent YoY with core EBIT margins declining by merely 50 basis points YoY to 7.3 per cent. We expect core order inflow of Rs 70,000-72,500 crore for the quarter. Orders announced during the quarter stood at Rs 66,5oo crore,” Edelweiss said.
Sharekhan expects a similar 8 per cent rise in revenues, but a 10 per cent drop in profit. HDFC Securities pegs L&T’s profit at Rs 1,980 crore, down 16 per cent YoY. It sees Ebitda margin at 11.4 per cent. Sales are seen rising 1.1 per cent to Rs 36,640 crore.
Another brokerage, Prabhudas Lilladher, sees adjusted profit tanking 23.9 per cent YoY to Rs 1,789.80 crore. It sees sales falling 2.7 per cent to Rs 35,258 crore.
“We expect revenue and PAT to decline by 3 per cent and 15 per cent YoY. Order inflow is expected to remain decent, with a gradual pickup in demand. L&T is focusing on liquidity management and witnessed a significant headway in the current challenging scenario,” it said.
