Thursday, June 2, 2011

L&T current order book at Rs. 1.3 lakh crores

Larsen & Tubro's current order book stands at Rs. 1.3 lakh crores and has guided a 25% growth in revenues in FY-12, implying a sales of around Rs. 55,000 crores. In an interview Y.M Deosthalee, the CFO of L&T said "We see good recovery coming from international markets, but interest rate hikes and inflation continue to impact sentiments. Our focus will remain on margins going forward. But we do see a downside risk of 50-60 basis points to margins this year".
The CMP of L&T as on 2nd June 2011 was 1675, and commands a market cap of 1.02 lakh crores. 52 week high / low for the stock is 2212 / 1461.

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