L&T results: Street to watch out for order inflows, likely impact of GST

Analysts have estimated a profit of Rs 928.4 cr at a consolidated level

The Street will watch out for  Larsen & Toubro’s guidance on order inflow growth, status of defence orders and the impact of the goods and services tax (GST) regulation at its June-quarter earnings announcement on Friday.

In a Bloomberg poll, nine analysts estimated consolidated profits of Rs 928.4 crore and 10 estimated revenues at Rs 23,850 crore for the reporting quarter.

“A low margin and high tax base of the June quarter in the last fiscal year is likely to support a high earnings growth outcome for the engineering conglomerate in the quarter under review. We estimate a 10 per