The infrastructure giant is expected to report a 10 per cent year-on-year rise in consolidated revenues at Rs 48,732.6 crore for the quarter, the poll showed. The company’s topline growth will be aided by a 10 per cent rise in order book and a moderately weaker base in the year-ago quarter.
In the year-ago quarter, L&T’s performance was affected by the March national lockdown to stem the spread of Covid-19 as well as the all-pervasive slowdown in the economy prior to the pandemic.
The conglomerate will report March quarter earnings on Friday.
Sequentially, L&T is likely to report strong growth in its engineering, procurement and construction (EPC) business, as its project execution capabilities improved due to easing lockdowns and return of migrant labourers.
The company’s consolidated net profit is likely to rise 38 per cent on a quarter-on-quarter basis, while sales are estimated to grow 37 per cent reflecting the pick-up in sequential recovery.
The company is expected to report consolidated operating profit of Rs. 5,778 crore for the quarter and an operating margin of 11.9 per cent.
Besides March quarter earnings, investors will keenly await the company’s guidance for revenue growth and order book for the current financial year as well its commentary on the impact of ongoing state-wide lockdowns on project execution.
Shares of L&T ended 0.2 per cent higher at Rs 1,386.95 on the National Stock Exchange on Wednesday.
