Engineering and construction company Larsen and Toubro (L&T) is expected to report 15% (YoY) growth in profits for the first quarter of FY12. During the period, profit after tax of the company is likely to go up to Rs 765 crore as against Rs 666 crore in the corresponding quarter last fiscal.
Total income is seen going up 23% to Rs 9,717 crore from Rs 7,885 crore year-on-year.
EBITDA is likely to jump 19% to Rs 1,194 crore in the April-June quarter versus Rs 1,007 crore in same quarter the previous year.
However, operating profit margin is seen declining to 12.29% versus 12.77% year-on-year.
Expectations
Expect good revenue growth on the back of strong execution, large order book
Margin shrinkage is expected, in-line with management commentary, to factor in higher commodity prices.
Order inflow expectations for Q1FY12
Decent order inflow is expected in spite of the current macro economic factors impacting the sector
Company announced around Rs 13000 crore worth of orders during Q1FY12
* Maximum orders announced in the E&C segment
In addition, company
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