L&T Q4FY19 preview: Commentary on Mindtree acquisition in focus

Larsen & Toubro (L&T), the engineering and construction major, is scheduled to release its March quarter (January-March period) results for the financial year 2018-19 (FY19) on Friday. The company is expected to report robust performance on all fronts led by strong order inflows. During the quarter under review, L&T secured orders worth over Rs 47,000 crore and is expected to report strong order inflows growth. Key monitorables include commentary on Mindtree acquisition, working capital and order inflow.

Analysts at ICICI Securities expect L&T’s standalone revenue to grow 14 per cent on year-on-year (YoY) basis to Rs 30,702.9 crore. EBITDA (Earnings