Profit margins to improve, as execution improves in H2, says L&T CFO

livemint.com:

₹3,223 crore from ₹2,229 crore a year ago, attributed to enhanced order book execution. Operating revenue stood at ₹51,024 crore in Q2FY24, marking a 19% year-on-year (YoY) rise Raman indicated a likely uptick in project execution, predicting accelerated activity leading to the elections. “The projects that are due for completion will be pushed again.

So, between now and January, February, we should see some accelerated execution," he said, adding that the value of project completion would be higher than the first half of this fiscal and could be over ₹60,000 crore. Regarding Middle East tensions, Raman said that while L&T's supply chain remains unaffected, the company remains wary of the situation. “We do expect the inflation starting from the oil prices, energy prices and associated things like you know shipping rates, insurance premium et cetera...

we expect the inflationary conditions to persist for some more time. And to that extent, I think we need to be careful when we execute projects that these costs do not bite. Fortunately, the cost that I am citing are those which are not substantial costs but costs.