L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

A significant slowdown in government orders, coupled with muted private capex, is likely to have hit order inflows for most engineering and capital goods companies, including industry heavyweight Larsen & Toubro (L&T), during the third quarter of the current financial year (Q3FY20). While a strong execution momentum is expected to continue for L&T in the heavy engineering, hydrocarbon and domestic infrastructure segment, a weak backlog in the international infrastructure segment could drag overall infra segment growth, say analysts.

L&T will announce its financial result for the October-December quarter on Wednesday (January 22).

During the quarter under review, L&T’s order inflows were in