Brokerage firm Edelweiss expects engineering and construction giants to reduce net income for the third quarter of the fiscal year by 1.8% from Rs 2,161 in the year-ago quarter to Rs 2,121. This is the same as sales increasing 8.5% from 36,243 rupees year-on-year to 39,322 rupees.
“Core EPC revenue (excluding E & A) is expected to increase 12% year-on-year and core EBIT margin is expected to decrease 50 basis points year-on-year to 7.3%. Quarterly core order inflows will reach Rs 70,000-72,500 We expect it to be Rs 6.65 billion during the order announcement quarter, “said Edelweiss.
Sharekhan expects a similar 8% increase in earnings, but a 10% decrease in profits. HDFC Securities has fixed L & T profits at Rs 1,980, down 16% year-on-year. We expect the Ebitda margin to be 11.4%. Sales are expected to increase 1.1% to Rs 36,640.
Another brokerage firm, Prabhudas Lilladher, expects adjusted profit to rise 23.9% year-on-year to Rs 1,789.80. Sales are expected to decrease 2.7% to Rs 35,258.
“Revenue and PAT are expected to decline by 3% and 15% year-on-year. Demand is expected to grow gradually and order inflows are expected to remain favorable. L & T focuses on liquidity management , Has made great strides in the current difficult scenario. ”
L & T Q3 Preview: Profit could drop up to 24% and purchase orders remain strong
https://economictimes.indiatimes.com/markets/stocks/earnings/lt-q3-preview-profit-likely-to-fall-up-to-24-order-book-seen-remaining-strong/articleshow/80432156.cms L & T Q3 Preview: Profit could drop up to 24% and purchase orders remain strong