L&T Q2 PAT seen down 3% at Rs 884 cr: KR Choksey
According to KR Choksey, Larsen and Toubro (L&T) may report a 17 percent growth quarter-on-quarter (degrowth of 3 percent year-on-year) in net profit at Rs 884 crore.
October 15, 2013 / 19:23 IST
KR Choksey has come out with its second quarter (July-September) earnings estimates for the capital goods sector. The brokerage house expects Larsen and Toubro (L&T) to report a 17 percent growth quarter-on-quarter (degrowth of 3 percent year-on-year) in net profit at Rs 884 crore.
Revenues are expected to increase by 16 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 14,516 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 28 percent Q-o-Q (down 2 percent Y-o-Y) to Rs 1,373 crore.EBITDA margin or operating profit margin is likely to be at 9.5 percent in September quarter as against 9 percent in June quarter and 10.7 percent in a year ago period.KR Choksey's Report on Larsen and Toubro:Management has guided strong execution in H2FY14. For H1 FY14; we expect top line to grow by 8 percent; which implies a 10 percent growth in Q2FY14. We maintained our full year sales growth of 15 percent.OPM percent is expected to decline by 120bps Y-o-Y. Rupee depriciation is expected to result in forex loss coupled with execution of competitively bid projects which are expected to impact margins.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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!
