Usually, Q4 is an execution-heavy quarter for capital goods players, but the lockdown has affected execution and deliveries for most companies.
Analysts anticipate some amount of weakness on the execution front in H1FY21 due to current challenges in manpower movement.
The sharp slide in crude oil prices of more than 40 per cent to $30/barrel is expected to impact overall orders/awarding from the Middle East and North Africa (MENA) region
The overall profit came in at Rs 2,352 crore, including the profit after tax (PAT) from discontinued operations for the quarter, up 15.2 per cent YoY.
Engineering and capital goods major L&T will announce its December-quarter financial result on January 22
Thus far in November, L&T has underperformed the market by falling 10 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.
Post the Union Budget presentation, L&T has underperformed the market by falling 18 per cent, as compared to 8 per cent decline in the S&P BSE Sensex