L&T share price down 4% post Q4 results; Should you Buy, Sell or Hold the stock?
₹4,396 crore from ₹3,987 crore in the same period the previous year. In comparison to the revenues of ₹58,335 crore recorded in the same period last year, the multinational infrastructure conglomerate's revenue from operations increased by 15% to ₹67,078.7 crore in Q4FY24. The focus remained on order in flows as well as revenue and margin guidance by Larsen & Toubro (L&T).
Also Read- TVS Motor share price climbs nearly 6% after Q4 result; should you buy? Here's what experts say As of March 31, 2024, the group's consolidated order book stood at ₹475,809 crore, representing a 20% increase from the previous year. Of these orders, 38% came from the international arena. During FY24, the company's group level orders totaled ₹302,812 crore, representing a 31% increase.
The order inflow for the quarter that concluded on March 31, 2024, was ₹72,150 crore, representing a slight decline of 5% from the same period the year prior. Compared to the same quarter of last year, domestic order inflow increased by 17%. With ₹25,217 crore, the international orders made up 35% of the total.
Analysts at Jefferies India Pvt Ltd in their post results report said that 10% year-on-year FY25 guidance is lower than the normal 12-15% YoY broad expectation, but this is on the higher base of 31% YoY growth seen in FY24. Prospect pipeline is up 24% YoY and gives upside surprise scope potential for management’s 10% YoY FY25 order flow growth guidance, added Jefferies. Looking at the low margin legacy orders that are to be executed in first half FY24, the expectations of significant marin improvement remained subdued.
Read more on livemint.com
