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L&T: Strong order inflows, recovery in services business to support near-term growth

With newer businesses, sustainable and profitable growth and higher cash generation, L&T is well positioned to capture the growth upcycle

October 28, 2021 / 11:41 AM IST
L&T: Strong order inflows, recovery in services business to support near-term growth

L&T, along with its subsidiaries, aims to achieve 'water neutrality' by the year 2035.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In the September quarter, L&T won orders close to Rs 42,140 crore, which were up by 50 percent on a year-on-year (YoY) basis. Even on a half-yearly basis, ended September, order inflows recorded a good 33 percent growth at Rs 68,697 crore. L&T, which is India’s largest engineering company, has seen a significant improvement in business -- both in international and domestic markets -- led by a recovery in demand and a pick-up in business activity as the pandemic-led stress...

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