L&T Q4 Review – Strong Operational Performance: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Larsen and Toubro Ltd. reported steady quarter led by ramp up in execution across all business verticals.

Margins were higher due to change in job mix, better operational efficiencies and several projects reaching margin threshold.

Despite pandemic, order inflows came in at around Rs 1.8 trillion owing picking up in awarding activity in H2 primarily from infra and hydrocarbon segments.

Order book stands strong at Rs 3.3 trillion (2.4 times trailing twelve months revenues) providing strong revenue visibility.

Tendering pipeline remains strong at Rs 9.6 trillion across domestic (Rs 6.6 trillion) and international (Rs 3 trillion).

Click on the attachment to read the full report:

Prabhudas Lilladher L&T Q4FY21 Result Update.pdf


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