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ICICI Direct Report
Larsen and Toubro Ltd.'s adjusted standalone revenues (excluding electrical and automation business) for the quarter degrew 15.8% YoY to Rs 15791.7 crore versus our estimate of Rs 15102.3 crore.
On a standalone basis, infrastructure segment posted a muted performance with revenue decline of 20.4% to Rs 12451.7 crore YoY.
Heavy engineering segment revenue remained flat at Rs 708.1 crore YoY. On the other hand, power segment revenues saw some respite growing 40.1% to Rs 688.7 crore.
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