Expect L&T Q1 net to jump 9% at Rs 980.9 cr: Emkay
Emkay Equity Advisory expects Larsen and Toubro to report a 44.6 percent degrowth quarter-on-quarter (up 8.8 percent Y-o-Y) in net profit at Rs 980.9 crore.
July 20, 2013 / 14:23 IST
Emkay Equity Advisory has come out with its first quarter (April-June) earnings estimates for the capital goods sector. The brokerage house expects Larsen and Toubro to report a 44.6 percent degrowth quarter-on-quarter (up 8.8 percent Y-o-Y) in net profit at Rs 980.9 crore.
Revenues are expected to decrease by 35.7 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs 13049.2 crore, according to Dolat Capital.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 44.3 percent Q-o-Q (up 8.8 percent Y-o-Y) to Rs 1364 crore.Emkay Equity Advisory report on Larsen and ToubroEarnings growth will remain muted at 9 percent Y-o-Y (1) 9 percent revenue growth-led by 10 percent growth in E&C (Rs115.2 billion). No growth in E&E (Rs7.6 billion) and M&IP (Rs5.8 billion) (2) Expect stable margins at 10.5 percent on low base (3) Corresponding APAT growth at 9 percent Y-o-Y to Rs9.8 billion.Expect Larsen and Toubro to report order inflows in excess of Rs150 billion and a closing order book of Rs1.6 trillion. Reiteration of guidance on order inflows and margins will be keenly tracked. Management comment on quality of order book also awaited. Discover 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!
