The company has historically hit a rate of 15-20% for wins from prospective orders.
Synopsis
L&T’s revenue growth was at 9% in March 2021 — the first time in three quarters. The sharp recovery in the core engineering and construction division, which accounts for 55% of the total revenue, resulted in an improvement in the revenue growth.
ET Intelligence Group: India’s largest infrastructure company Larsen & Toubro (L&T) continued its trend of order accumulation and arrested execution delays in the March quarter, suggesting the stock could finally get a push to break through the tight range it has been trading in past three months.
A pick-up in the execution rate during the quarter could lend more heft to the expectation that the company will be able to match the growth rate of
