L&T Q2 Effects: Web benefit rises 45% to ₹3,222 cr, sequence accumulation up 72% YoY

31 Oct 2023, 07:39:50 PM IST

L&T Effects Reside: L&T stocks in focal point day after today

Stocks of L&T will likely be in focal point all over day after today’s buying and selling consultation then reporting its Q2FY24 effects as of late post-market hours.

31 Oct 2023, 07:37:29 PM IST

L&T Effects Reside: Subsidiary for chipmaking

L&T will incorporate an entirely owned subsidiary to interact within the industry of fabless semiconductor chip design and product possession with an funding of upto Rs. 830 crore, stated the corporate in its change submitting.

31 Oct 2023, 07:34:18 PM IST

L&T Effects Reside: Q2 snapshot

• Absolute best ever quarterly sequence influx aided via extremely mega Hydrocarbon orders in GCC

• World orders represent 35 in keeping with cent of the Sep’23 sequence accumulation

• Powerful potentialities pipeline at ₹8.8 trillion within the related word

31 Oct 2023, 07:27:59 PM IST

L&T Effects Reside: Appointment Quality

L&T appointed Ajay Tyagi as an Separate Director of the corporate for a word of 5 years with impact from October 31 , 2023 upto October 30, 2028, topic to goodwill of shareholders of the corporate.

P. R. Ramesh has been appointed as an Separate Director of the Corporate for a word of five years with impact from October 31, 2023 upto October 30, 2028, topic to goodwill of shareholders of the corporate.

31 Oct 2023, 07:21:02 PM IST

L&T Effects Reside: Outlook

Headwinds from world financial slowdown and declining world industry proceed to pose match dangers. Additional, unstable power and meals costs within the wake of lingering geopolitical tensions and opposed climate statuses render indecision to the inflation outlook, stated L&T.

Year primary central banks are signaling a peaking in their fee hike cycle, there are indications that the tight financial coverage stance may just persist for longer than anticipated.

The new warfare within the Heart East has raised issues about possible build up in crude costs that may irritate the already fragile world financial status, because the pocket is a an important provider of power and a key delivery gateway to world industry, stated the corporate.

The corporate subsidized via its all-round features in engineering, production, building, challenge control and products and services will proceed to concentrate on operational excellence and price competitiveness for successful execution of its massive sequence accumulation.

The corporate pursues its said purpose of demonstrating successful expansion with even handed virtue of capital and maximize shareholder worth on a sustainable foundation, stated L&T in its change submitting.

31 Oct 2023, 07:08:43 PM IST

L&T Effects Reside: Q2 Income from operations

L&T reported a 19 in keeping with cent get up in consolidated income for Q2FY24 to ₹51,024 crore, in comparison to ₹42,763 crore within the corresponding quarter within the earlier fiscal. Upper-than-expected gross sales expansion was once pushed via execution tailwinds within the infrastructure initiatives department and sustained expansion momentum within the IT and ITeS portfolio, stated the infra primary in its change submitting.

31 Oct 2023, 07:03:56 PM IST

L&T Effects Reside: Control Statement

S.N. Subrahmanyan, Chairman and Managing Director stated: “Our sturdy working and fiscal efficiency this quarter reveals the resilience of the corporate’s industry type in spite of the on-going unstable geo-political status.

All our companies – Tasks, Production and Services and products have grown. Right through the quarter, we have now gained the easiest ever sequence inflows within the historical past of the corporate.

The corporate now tops the record of global EPC Contractors operating within the MENA pocket relating to worth for initiatives underneath execution. The corporate has effectively finished the primary ever Buyback of Fairness Stocks all over the quarter, in alignment with our long-term Lakshya 2026 plan to strengthen shareholder worth.

Within the related word, we stay cautiously positive, making an allowance for the hot geopolitical tendencies. On the other hand, we do be expecting sustained buoyancy of products and services and govt’s thrust on capex to proceed.”

31 Oct 2023, 07:00:19 PM IST

L&T Results Live: Order inflow

On a cumulative basis, the order inflow for the half-year ended September 30, 2023 stood at ₹154,672 crore, registering a growth of 65 per cent over the corresponding period of the previous year. International orders at ₹87,333 crore during the half-year constituted 56 per cent of the total.

The consolidated order book is at ₹450,734 crore as on September 30, 2023, with international orders having a share of 35 per cent.

31 Oct 2023, 06:54:47 PM IST

L&T Results Live: Order Book

The Company received orders worth ₹89,153 crore at the group level during the quarter ended September 30, 2023, registering a robust growth of 72 per cent on y-o-y basis. During the quarter, orders were received across diverse segments like Onshore verticals of the Hydrocarbon business, Urban Transit systems, Transmission & Distribution as well as Residential & Commercial Space. International orders at ₹59,687 crore during the quarter comprised 67 per cent of the total order inflow.

31 Oct 2023, 06:49:08 PM IST

L&T Results Live: Q2 Numbers

Larsen & Toubro achieved consolidated revenue of ₹51,024 crore for the quarter ended September 30, 2023 recording a y-o-y growth of 19 per cent, primarily aided by improved execution of the large order book and accelerated progress in the Projects and Manufacturing portfolio. International revenues during the quarter at ₹21,898 crore constituted 43 per cent of the total revenue.

31 Oct 2023, 06:16:22 PM IST

L&T Results Live: Key things to track in Q2 print

-Net profit, revenue
-Order pipeline
-Pace of execution of orders
-Management Commentary

31 Oct 2023, 05:46:57 PM IST

L&T Results Live: Brokerage estimates

Net profit is likely to grow to ₹2,721 crore, according to the estimates of six brokerages. The company’s revenue may rise 17 per cent to ₹50,093 crore in the  September quarter over improved construction activity.

31 Oct 2023, 05:35:23 PM IST

L&T Results Live: Allotment of Shares (ESOP)

‘’We wish to inform you that the Nomination & Remuneration Committee (NRC) of the company has approved allotment of 1,49,598 equity shares to those grantees who had exercised their options under the company’s employee stock option schemes,” said L&T in its exchange filing today

31 Oct 2023, 05:12:47 PM IST

L&T Results Live: L&T wins ultra-mega contract for its hydrocarbon business

The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has secured Letter of Intent for yet another ultra-mega onshore project from a prestigious client in the Middle East further to the recent ultra-mega project award for a gas compression plant.

The scope of work comprises engineering, procurement, & construction for gas processing plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit and Sales Gas Compression System in new onshore facilities and its integration with existing Gas Processing Plants.

31 Oct 2023, 04:54:00 PM IST

L&T Results Live: Market Closing

Snapping their two-day winning run, frontline indices Nifty 50 and the Sensex resumed their downward march on Tuesday, October 31, amid mixed global cues. Nifty 50 closed the day at 19,079.60, down 61 points, or 0.32 per cent while the Sensex ended with a loss of 238 points, or 0.37 per cent, at 63,874.93.

31 Oct 2023, 04:39:17 PM IST

L&T Results Live: Previous Quarter

L&T reported a 46.5 per cent year-on-year jump in consolidated net profit to ₹2,493 crore with a 33.6 per cent increase in revenue to ₹47,882.4 crore for the April-June period.

31 Oct 2023, 03:41:07 PM IST

L&T Results Live: Shares ahead of Q2 results

Ahead of Q2 results, shares of L&T settle 0.16 per cent higher at ₹2,931 apiece at the BSE

31 Oct 2023, 02:47:57 PM IST

L&T Results Live: Kotak Institutional Equities expects 29.4% net profit growth

Kotak Institutional Equities expects L&T’ Q2FY24 net profit to rise 29.4% to ₹2,884.3 crore from ₹2,228.9 crore in the year-ago quarter. The company’s revenue is expected to rise 18.7% to ₹50,738.2 from ₹42,762.6 crore, YoY.

The brokerage firm estimates L&T’s EBITDA during the quarter to increased 8.8% to ₹5,329.3 crore from ₹4,899.4 crore, while EBITDA margin to contract by 96 bps to 10.5% from 11.5%, YoY.

31 Oct 2023, 02:15:25 PM IST

L&T Q2 Earnings Live: Order inflow for core business estimated up 27% YoY at ₹49,600 crore

While L&T’s new order announcements stand at ₹26,000 crore in July+August, Goldman Sachs thinks its order inflow estimate for the core business at ₹49,600 crore, or 27% YoY growth (excluding the potential ₹32,400 crore order from Saudi Aramco) is likely to be met, as L&T reports orders even after the quarter end.

With full year guidance of 10%-12% on order inflow (vs our expectation of -30% growth for the Core business), we think L&T is likely to raise its guidance, despite 2H being closer to the general election – which typically sees slowdown in order inflow, Goldman Sachs said.

31 Oct 2023, 01:54:33 PM IST

L&T Q2 Earnings Live: Strong orders, working capital flow to drive better execution

The strong orders, coupled with continued flow of working capital should drive better execution, and we expect Q2 revenue to grow 16% YoY to ₹494 billion, Goldman Sachs said. Within this, we expect the revenue from the core business to grow at ~ 17% YoY suggesting strong execution. We expect execution to remain strong and expect 23% revenue growth for L&T’s Core business in FY24, it added.

31 Oct 2023, 01:28:51 PM IST

L&T Q2 Earnings Live: L&T likely to raise its guidance

Goldman Sachs expects strong YoY growth in order inflow, revenue and net income (double-digit YoY) – reflecting the next few years of trends that it expects L&T to deliver in terms of growth.

While L&T’s new order announcements stand at ~ ₹26,000 crore in July+August, we think our order inflow estimate for the core business at ₹49,600 crore, or 27% YoY growth (excluding the potential ₹324 billion order from Saudi Aramco) is likely to be met, as L&T reports orders even after the quarter end.

With full year guidance of 10%-12% on order inflow (vs our expectation of -30% growth for the Core business), we think L&T is likely to raise its guidance, despite 2H being closer to the general election – which typically sees slowdown in order inflow, Goldman Sachs said.

31 Oct 2023, 01:08:03 PM IST

L&T Q2 Earnings Live: L&T shares up nearly 40% YTD

L&T share price has fallen over 3.5% in the last one month. However, the stock has risen over 8.7% in the past three months and nearly 40% year-to-date (YTD). L&T shares have given over 44% return in one year and more than 213% returns in three years.

31 Oct 2023, 12:53:37 PM IST

L&T Results Live: Sales likely to grow 17% YoY

Brokerage house Prabhudas Lilladher expects L&T’s net profit in Q2FY24 to rise 19.3% to ₹2,659.5 crore from ₹2,229 crore in the year-ago period. It estimates sales during the quarter to increase 17% to ₹50,030 crore from ₹42,762.6 crore, YoY.

EBITDA is expected to grow 10.4% to ₹5,404.1 crore from ₹4,893.8 crore, while EBITDA margin may contract to 10.8% from 11.4%, YoY, as per Prabhudas Lilladher.

31 Oct 2023, 12:31:06 PM IST

L&T Results Live:  L&T’s order inflows expected at over ₹85,000 crore

Phillip Capital expects L&T’s order inflows at over ₹85,000 crore. The brokerage has factored in 3 orders which includes two orders from Aramco for setting up a gas processing plant and its main process units estimated at $2.9 billion ( ₹24,000 crore), while the second contract to construct gas compression units is worth $1 billion ( ₹8,300 crore), and Mega order from the Mumbai Metropolitan Region Development Authority (MMRDA) to design and construct an underground road tunnel.

The brokerage expects consolidated revenues to grow 18% YoY led by core and non-core business revenue growth of 22% and 9% YoY. It expects EBITDA margins to remain flat QoQ.

31 Oct 2023, 12:13:44 PM IST

L&T Results Live: Key monitorables going ahead

Going ahead, L&T’s management commentary on tender pipeline and status of non-core assets like Nabha power, metro ridership & financial assistance will be key monitorables.

31 Oct 2023, 11:54:49 AM IST

L&T Results Live: L&T bags order worth over ₹15,000 crore for its hydrocarbon business

The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has secured Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant.

L&T classifies Ultra-Mega orders as those worth more than ₹15,000 crore.

The scope of work comprises engineering, procurement, & construction for Gas Processing Plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit and Sales Gas Compression System in new onshore facilities and its integration with existing Gas Processing Plants.

31 Oct 2023, 11:41:13 AM IST

L&T Results Live: L&T bags order worth over ₹15,000 crore for its hydrocarbon business

The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has secured Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant.

L&T classifies Ultra-Mega orders as those worth more than ₹15,000 crore.

The scope of work comprises engineering, procurement, & construction for Gas Processing Plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit and Sales Gas Compression System in new onshore facilities and its integration with existing Gas Processing Plants.

31 Oct 2023, 11:25:35 AM IST

L&T Results Live: Expect 24% YoY improvement in core EPC revenues: Kotak Equities

Kotak Institutional Equities expects 24% YoY improvement in core EPC revenues of L&T as it bakes in improved construction activity across projects during the quarter. This implies 39% YoY growth for 1HFY24 for relevant government projects of L&T versus 40%+ YoY growth over 5MFY24 for the underlying aggregate capex for key customers (center, states, PSUs).

It expects core E&C business EBITDA margin at 8.5%, up by 40 bps YoY and expects the improvement in margin to be driven by lower commodity prices.

31 Oct 2023, 11:10:50 AM IST

L&T Results Live: L&T revenue growth seen at 17% YoY: Prabhudas Lilladher

Prabhudas Lilladher expects L&T’s consolidated revenue growth of 17% YoY, led by growth in IT, Energy Projects, Hi-Tech Manufacturing and developmental projects. Strong tender pipeline from domestic as well as exports market is likely to drive order inflows.

“L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market, significant traction in capex from oil exporting countries, mainly hydrocarbon segment and expected uptick in private capex,” Prabhudas Lilladher stated.

It expects L&T to record income and PAT CAGR of 12.8% and 20.6% between FY23-FY25E.

31 Oct 2023, 10:56:22 AM IST

L&T Effects Reside: EBITDA would possibly get up 8.8%; margin to commitment

On the operational stage, L&T’s income earlier than pastime, tax, depreciation, and amortization (EBITDA) all over the quarter ended September 2023 is anticipated to get up 8.8% to ₹5,329 crore from ₹4,899.4 crore within the year-ago quarter.

On the other hand, EBITDA margin in Q2FY24 is more likely to commitment via round 96 foundation issues (bps) to ten.5% from 11.5%, YoY.

31 Oct 2023, 10:39:51 AM IST

L&T Effects Reside: Capital items corporations more likely to record wholesome Q2

The capital items corporations are more likely to record wholesome efficiency in Q2FY24 owing to sturdy opening sequence books, endured execution momentum, favorable product combine and higher orders from home in addition to key export markets reminiscent of Heart East (ME), Americas, SAARC, Africa and many others, analysts stated.

31 Oct 2023, 10:23:21 AM IST

L&T Effects Reside: Income would possibly get up 18% YoY

L&T’s income within the quarter ended September 2023 is estimated to develop 18% YoY to ₹50,460 crore from ₹42,762.6 crore within the year-ago length.

Right through the July-September 2023 quarter, L&T introduced orders within the area of ₹24,500 crore- ₹44,500 crore.

31 Oct 2023, 10:04:37 AM IST

L&T Effects Reside: Web benefit more likely to get up 25% YoY

Engineering and building behemoth L&T is anticipated to peer 25% year-on-year (YoY) expansion in its internet benefit for the quarter ended September 2023 to ₹2,786 crore, as in keeping with reasonable analysts’ estimates. The corporate had reported a internet benefit of ₹2,228.9 crore in the similar quarter latter yr. Its internet benefit in Q1FY24 was once ₹2,493 crore.

31 Oct 2023, 09:43:20 AM IST

L&T Effects Reside: L&T stocks surrender early positive factors to industry decrease

L&T stocks gave up early positive factors to industry decrease. L&T proportion value opened upper at ₹2,949.75 apiece as in comparison to its earlier near of ₹2,926.30 at the BSE. On the other hand, the conserve gave up early positive factors and was once buying and selling marginally decrease.

L&T stocks had been buying and selling 0.15% decrease at ₹2,921.95 apiece.

31 Oct 2023, 09:26:19 AM IST

L&T Q2 Effects Preview: Web benefit more likely to get up 25%, income to develop 18% YoY on sturdy orders

Engineering and building behemoth Larsen & Toubro (L&T) is anticipated to peer 25% year-on-year (YoY) expansion in its internet benefit for the quarter ended September 2023 to ₹2,786 crore, as in keeping with reasonable analysts’ estimates. The corporate had reported a internet benefit of ₹2,228.9 crore in the similar quarter latter yr. Its internet benefit in Q1FY24 was once ₹2,493 crore. Learn complete record right here

31 Oct 2023, 09:15:32 AM IST

L&T Effects Reside: Larsen & Toubro, Bharti Airtel, Indian Oil Company, others to announce Q2 Effects as of late

Roughly 109 corporations will leave their September quarter effects as of late. A handful of primary corporations that will likely be freeing their Q2 effects, come with Bharti Airtel Ltd, Adani Overall Fuel Ltd, DCB Storehouse Ltd, Indiabulls Actual Property Ltd, Indian Oil Company Ltd, Jindal Metal & Energy Ltd, Larsen & Toubro Ltd, Reliance Energy Ltd, Tata Client Merchandise Ltd, and Zee Media Company Ltd. Learn right here

31 Oct 2023, 09:06:07 AM IST

L&T Effects Reside: Building primary anticipated to record sturdy income expansion

L&T is anticipated to record sturdy internet benefit and gross sales expansion at the again of sturdy IT, Power Tasks, Hello-Tech Production and developmental initiatives. Robust gentle pipeline from home in addition to exports marketplace is more likely to power sequence inflows, analysts stated.

31 Oct 2023, 08:52:51 AM IST

L&T Effects Reside: L&T to announce Q2 effects as of late

Larsen & Toubro (L&T), the engineering and building conglomerate, will as of late announce its monetary effects for the second one quarter of FY24.