L&T: Robust order prospects to make up for L&T lacking Q3 estimates

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On the working capital aspect, collections have been enhancing as the federal government has ensured well timed fee to the corporate within the final two years.

Synopsis

Larsen & Toubro’s revenue from its core engineering and building phase surpassing the pre-Covid ranges within the first 9 months of the fiscal 12 months, and robust order prospects within the ongoing fourth quarter, could outweigh the strain on the inventory after its third-quarter earnings missed the consensus estimate.

ET Intelligence Group: Larsen & Toubro’s revenue from its core engineering and building phase surpassing the pre-Covid ranges within the first 9 months of the fiscal 12 months, and robust order prospects within the ongoing fourth quarter, could outweigh the strain on the inventory after its third-quarter earnings missed the consensus estimate.

The efficiency of L&T’s core phase reveals that the corporate is on monitor to fulfill its full-year order influx,

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