L&T's Q4 order intake may disappoint street: Kotak Sec

Engineering and construction major Larsen & Toubro would be announcing its Q4 results today. According to CNBC-TV18 poll, net sales may surge 18.5% at Rs 16100 crore versus Rs 13585.10 crore. Operating profit margins are seen at 14.22% Vs 15.09%.

In an interview with CNBC-TV18, Sanjeev Zarbade, Analyst at Kotak Securities citing his expectations from L&T's Q4 numbers said, "In terms of actual announcements they have announced order intake of close to Rs 3,500 to Rs 4,000 in Q4 while normal run rate for the company has been around 13,000 crore. So, the order intake for the Q4 can be substantially lower." Below is the verbatim transcript of his interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: What do you expect L&T will say about order inflow for Q4 if you are expecting a miss of that guidance by how much do you think they might miss it? A: There has been a virtual lull in new order intake looking at the kind of order intake that they have announced in the last three-four months. In all probability, they would announce an order intake which will be very subdued and may even disappoint the street. Although I don