L&T - (CMP/TP: Rs. 1,070/Rs. 1,237) (Rating: Buy) - 3QFY2014 expectations - Angel Broking

For 3QFY2014, owing to a large order book (~Rs. 1.76 trillion) and robust order inflows in the past couple of quarters, we expect L&T to record a revenue of Rs. 16,667cr, indicating a growth of 8.0% yoy. On the EBITDA front, we expect the company's margin to witness an expansion of 44bp yoy to 10.0%. We project the net profit to come in at Rs. 1,116cr for 3QFY2014, registering a growth of 8.5% yoy. We estimate the company's order inflow to be at ~Rs. 25,000cr for the quarter, which is in line with the Management's guidance of 15-20% growth in order book for the full year.

Source : Equity Bulls

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