Quarterly results preview: L&T likely to report more of order inflow

The quarter's revenue is expected to gain from a low base, as goods and services tax implementation led to lower revenue recognition in the same quarter a year before

Engineering conglomerate Larsen & Toubro (L&T) is expected to report a continuing momentum in new orders for the September quarter. It is to announce its quarterly financial results on Wednesday.

Analysts expect order inflow and working capital to be key issues in the management discussion.

In a Bloomberg poll, 12 of them estimated a consolidated net profit of Rs 17 billion and 13 estimated revenue at Rs 292 billion for the quarter. In July-September 2017, the consolidated net profit was Rs 18.2 billion and revenue Rs 264 billion. The profit figure had exceptional items, including divestment of a subsidiary. Without these, it