L&T likely to meet revised order guidance for FY18

Larsen & Toubro (L&T) reported a slew of new orders in the December quarter, which analysts expect will help the engineering conglomerate match the current financial year’s order intake with that of the previous year. The company might also positively surprise with a higher growth rate in order intake, if the expected defence orders fructify.
 
L&T, in November, revised its order inflow growth guidance for the current financial year to ‘muted’ from the earlier stated 12 per cent. “We expect the company will meet the revised guidance, with some upside. However, if the defence orders come in, there can