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Is L&T FY26 guidance on lower side?
Mint Mumbai
|May 12, 2025
Spoiling the show
The Street cheered Larsen & Toubro Ltd's (L&T) FY25 with the stock closing 3.6% up on Friday to ₹3,444 on the National Stock Exchange.
The rise stands out as equity markets were reeling under pressure amid India-Pakistan tension. The stock's positive reaction can be attributed to L&T exceeding core engineering and construction (E&C) FY25 order inflow and revenue growth guidance of 10% and 15%.
E&C order inflow grew 20% in FY25 and revenue 19%.
The moot question now is: Can there be a positive surprise in FY26, too?
That's likely for order inflows, as management seems to be in an 'under-promise' and 'over-deliver' mode, based on the inference drawn from L&T's FY26 guidance and prospective order pipeline.
The firm believes that there could be a prospective pipeline of ₹19 trillion for FY26, a big jump from ₹12 trillion at the start of FY25.
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