Margin fell 90 basis points year-on-year to 7.6%, missing analysts’ expectations. Execution of legacy orders secured in FY21 and the first half of FY22, and the issue of new orders still not achieving a margin recognition threshold, led to weak core margin.
E&C margin has been in low single digits in the previous three quarters, and the pain may not be over yet. L&T has lowered its E&C margin guidance range to 8.25-8.5%, from 8.5-9%. Although the cut in the guidance is not sharp, it was enough for investors to cream off profits, dragging the stock down by 4% on Wednesday.
この記事は Mint Mumbai の February 01, 2024 版に掲載されています。
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この記事は Mint Mumbai の February 01, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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