Optimistic about FY19; too early to say we are very bullish, says L&T

As FY18 comes to an end-Kevin Lee caught up with R Shankar Raman, CFO of L&T and asked him about his outlook for FY19 and roadmap for the company.

Raman said that we are optimistic about FY19. However, it’s too early to say we are very bullish.

He further said that we witnessed a period of reasonably modest growth in past few years.

FY19 will be a tricky year as poll preparations will begin, he added.

According to him, government has been largely driving investment in the economy.

Talking about business, he said we are not sure if volume growth in orders will be higher than FY18.

On InvIT front, he said we are working toward L&T Infrastructure Investment Trust (InvIT) and need to ensure that the InvIT platform is a sustainable one.

Watch accompanying video for more details.