'
Larsen & Toubro hosted a conference call on
Jan 30, 2024. In the conference call the company was represented by P
Ramakrishnan, Head Investor Relations.
Key takeaways of the call
Expect order inflow for FY24 to register a
growth of 20% plus (against earlier guided outperformance of upper band of
10-12% at the end of H1FY24) and revenue growth for FY24 to be in high teens (a
growth of 15% given at the end of H1FY24).
But, has revised down the margin from a band of 8.5-9% guided earlier to
a band of 8.25 to 8.5% for FY24.
No challenge in case of new projects but margin
recognition of new project that was expected in Q3& Q4FY24 got postponed.
Multiple new jobs not cross valuation threshold. New jobs execution are ramping
up. So some sort of postponement of margin recognition to FY25.
Group order book as on December
''23 stood at...
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