L&T Q1 adj PAT seen up 30.8% at Rs 378 cr

Larsen and Toubro (L&T) is to announce its Q1FY09 numbers. According to CNBC-TV18 estimates, its adjusted profit after tax, PAT is expected to go up by 30.8% at Rs 378 crore for the quarter ended June 2008 as against Rs 289 crore in same period of last year.

Sales is seen going up by 30.7% at Rs 5890 crore from Rs 4505 crore. Operating profit margin, OPM is seen improving at Rs 10.8% versus 10.2%.

Order Book

Order Backlog as at March 31 - Rs 49575 cr

Since April, has bagged orders worth Rs 8716 cr, forming 18% of the order backlog

Order book-to-bill ratio for the company for FY08 stands at 2.1x almost the same as that in FY07
 
Q1FY09 Expectations

Management guides to 30% growth for FY09;expect same growth in Q1FY09

Guidance of being able to manage EBIDTA margins; likely to keep OPMs at 10.8% for Q1FY09

Intends to do a capex of USD 800 million over next 2 yrs
 
RMC Business

Exited its RMC business and HPL cogeneration power project

Sold its RMC business to Lafarge India for Rs 1480 cr