 "Larsen and Toubro")
Engineering and construction conglomerate Larsen & Toubro (L&T) is scheduled to announce its September quarter result of the current fiscal year (Q2FY21) on Wednesday, October 28. The second quarter is expected to be soft for the capital goods companies in terms of inflows while execution may improve sequentially.
According to analysts, after the easing of lockdown norms, many companies are nearing pre-Covid levels of operations, though, for construction-oriented businesses, labor availability remains a challenge. Execution remains weaker due to social distancing norms impacting productivity in manufacturing and construction activities, besides weak demand and logistical challenges due to erratic local lockdowns.
L&T, too,
