As per a CNBC-TV18 poll of analysts, L&T is set to report a positive set of numbers for the March quarter, despite the crisis in West Asia, where the company has significant exposure.
L&T’s profit after tax is likely to increase by 5% to ₹5,798 crore from ₹5,497 crore in the previous year, as per the CNBC-TV18 poll.
Its revenue is set to increase by 12% to ₹83,675.4 crore from ₹74,392 crore in the fourth quarter of the previous fiscal, analysts have predicted.
L&T’s earnings before interest, tax, depreciation and amortization (EBITDA) is likely to rise by 14% to ₹9,322.4 crore from ₹8,202 crore in the previous year. Its EBITDA margin is set to expand marginally to 11.15% from 11.03% in the year-ago period, as per the estimates.
Nuvama
The brokerage is of the view that L&T’s domestic execution is relatively robust compared to a softer performance in the first nine months of FY26 at 12.8% from the previous year.
It reiterated L&T’s update on the West Asia crisis that 95% of its sites in the region continue to operate normally.
Nuvama said gas shortages could still weigh on execution and result in some softness. Lakshya 2.0 and an update on West Asia operations are the key things to watch for L&T.
Nuvama said in the medium-term, it sees a record order book of ₹7.3 lakh crore (3x sales) for L&T and a potential fresh layer of opportunity from West Asia reconstruction as key triggers for the stock.
Kotak
The brokerage expects L&T’s core engineering and construction EBITDA margin to be at 9.5% compared to 9.9% from the previous year.
It said L&T is likely to witness a modest impact of slower execution and sustenance of cost overruns in the hydrocarbon segment.
L&T At The End of Q3
At the end of the third quarter, L&T maintained its topline growth as per its earlier guidance of 15% growth.
L&T had said it was looking at exceeding its order inflow guidance compared to the previous guidance of 10%.
It also maintained its margin guidance as per the previous one of 9.5%.
It said with regards to Chinese competition, in some places the company competes and in some places it collaborates.
Stock reaction
Shares of L&T ended 2.1% higher on Monday ahead of the results announcement at ₹4,099.8. The stock has risen 10% in the last one month.
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