InvestorQ : How were the L&T quarter results and can I buy the stock at this point of time?
Dilmini Mercia made post

How were the L&T quarter results and can I buy the stock at this point of time?

Answer
user profile image
Dhwani Mehta answered.
1 year ago


L&T did announce results that were largely in line with street estimates. Net profits were up by 8% at Rs.3418 crore in the fourth quarter while total sales revenues were up by 10.5% at Rs.44,934 crore. The total order book of the company stood at Rs.2.94 trillion, an all time high. Nearly 1/4th of these orders are from the international market which helps L&T to diversify its business risks substantially. Full year profits were up by 21% on a YOY basis. At a P/E ratio of 25X, the stock does factor in most of the possible upsides in the short to medium term. However, you can look to this stock as a way of playing the capital cycle revival in India. The downside risk on this stock can be quite low at this point of time.