Larsen and Toubro (L&T) is trading firm, up by 4% at Rs 869, ahead of July-September (Q2) earnings today.
The stock hit low of Rs 828 in early morning deals, has recovered 5% on the BSE. The trading volumes on the counter nearly doubled with a combined volume of 3.4 million shares change hands till 1333 hours.
Analyst on an average has expects around 4% year-on-year (yoy) drop in net profit at Rs 880 crore for the recently concluded quarter. The company to record an average revenue of around Rs 14,200 crore, indicating a growth of 6.5% yoy, on back of large order book and robust order inflows.
L&T's order inflow to be at around Rs 30,000 crore for the quarter, which is in-line with the Management's guidance of 15-20% growth in order book for the full year, says analyst at Angel Broking in a note.
On the EBITDA front, we expect the company's margin to witness a decline of 116bp yoy to 9.5%, he added.
The stock hit low of Rs 828 in early morning deals, has recovered 5% on the BSE. The trading volumes on the counter nearly doubled with a combined volume of 3.4 million shares change hands till 1333 hours.
Analyst on an average has expects around 4% year-on-year (yoy) drop in net profit at Rs 880 crore for the recently concluded quarter. The company to record an average revenue of around Rs 14,200 crore, indicating a growth of 6.5% yoy, on back of large order book and robust order inflows.
L&T's order inflow to be at around Rs 30,000 crore for the quarter, which is in-line with the Management's guidance of 15-20% growth in order book for the full year, says analyst at Angel Broking in a note.
On the EBITDA front, we expect the company's margin to witness a decline of 116bp yoy to 9.5%, he added.