L&T’s Q4 revenue expected to grow on the back of higher execution

India’s largest engineering and construction (E&C) player, Larsen & Toubro’s (L&T’s) consolidated revenue is expected to witness a double-digit year-on-year growth in the March quarter (Q4), according to most analysts, led by higher execution in a seasonally strong quarter and a low base.

The consolidated revenue growth will be largely led by a healthy 44 per cent year-on-year (YoY) growth in the infra segment, said analysts at CLSA in a report.

Infrastructure accounted for 40 per cent of L&T’s consolidated revenue during the nine months ended December 2020, followed by services (information technology, etc) at 36 per cent and hydrocarbons at 13 per cent.