Engineering and construction major, Larsen & Toubro is quite bullish of a brilliant next quarter. It has guided for a 25% upswing in its sales for the first quarter of FY12, thus implying sales of Rs 54,900 crore. (Click here to know how the company performed in Q4FY11)
In an interview with CNBC-TV18, whole time director and chief financial officer YM Deosthalee said this guidance is on the back of a strong order book. "Our current order book is over Rs 1.3 lakh crore and we see no delay in execution of current orders," he reasoned. However, he was quick to add that new order inflow remains a sticky area. "For this we have given a guidance of 15-20%. The quality of orders will remain unquestionable," he said. Moreover, we need favourable policy measures to boost our book, he added. He sees good recovery coming from international markets, but interest rate hikes and inflation continue to impact sentiments, according to him. "Our focus will remain on margins going forward. But we do see a downside risk of 50-60 basis points to margins this year," he stated. Further, talking about their diversified business verticalDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
