Quicker execution of infrastructure and hydrocarbon projects and an increase in order inflows could prompt analysts to enhance the earnings estimates at Larsen & Toubro, considered the perfect proxy for capital-intensive economic activity in India.
The Street has been factoring in revenue growth of 14.8 per cent and 12.7 per cent, respectively, in FY19 and the next fiscal. In the first half of FY19, revenue at India’s biggest engineering company climbed a fifth to Rs 60,400 crore following execution growth in infrastructure and hydrocarbon segments that account for 57 per cent of consolidated revenue.
Infrastructure segment revenue rose 22 per cent to Rs 15,220 crore in the September quarter due to the rising share of local project executions. Read More
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