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Larsen and Toubro Ltd. Q2 FY23 numbers presented well.
L&T’s adjusted standalone revenues for the quarter (- including electrical and automation) rose 21.1% YoY to Rs 25769.8 crore (compared to our estimate of Rs 23205.6 crore).
on an exclusive basis; Infrastructure segment revenue grew 38% to Rs 18476.45 crore on a YoY basis, supported by growth momentum.
Revenue in the energy sector was Rs 4,702.2 crore, down 17.2 percent from last year, benefiting from international orders in the hydrocarbon business.
Hi-tech manufacturing segment posted revenue of Rs 1588.9 crore, up 3.7% YoY.
Other sectors reported growth of 57% YoY to Rs 1336.9 crore on the back of sales of rubber manufacturing machinery and improved employment in Smart World and telecom industries.
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