Analysts expect strong numbers from LT in Q2

Engineering and construction major Larsen & Toubro (L&T) is set to declare its second quarter numbers of financial year 2012-13 today. Analysts expect relatively stronger set of results from the L&T among other companies. Profit after tax is likely to grow by 11.8 percent year-on-year to Rs 893 crore for the quarter.

Revenues are seen going up by 16 percent to Rs 13,045 crore from Rs 11,245 crore during the same period, driven mainly by strong order execution.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 15.6 percent YoY to Rs 1,358 crore in the quarter ended September 2012.

Operating profit margin is expected to be flat at 10.4 percent for the quarter compared to a year ago quarter.

Rupee appreciation will also support the results leading to forex gains (of around Rs 50 - 70 crore) as against exchange loss witnessed last quarter.

On the order book / order inflows

Analysts expect 10-15 percent growth in company's order inflow that is likely to be over Rs 16,000 crore for the quarter. Company has already announced inflow of Rs 15,800 crore orders in the second quarter, which is 19% of the FY13 guidance.

Analysts feel the announcement of Rs 20,000 crore worth of orders will give a quick upside around the result time.

Larger chunk of inflows is focused on the buildings and the T&D segments.

While inflows have been strong for transmission and distribution (T&D) space, slowdown in key order generating sectors such as power, metal and hydrocarbons is expected to start showing negatively in the order inflow cycle.

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