Brokerages bullish on L&T post steady Q3, eye domestic capex, global growth

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Brokerages bullish on L&T post steady Q3, eye domestic capex, global growth - Business Standard

Quick Summary:

L&T's consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) was around Rs 6,300 crore, up 9 per cent Y-o-Y.

Despite muted government capex during 9MFY25, analysts, riding on hopes of a higher domestic capex and strong order inflows going forward, believe L&T is well placed to navigate short-term volatility in the capex cycle, while benefiting from long-term tailwinds of capex growth in India and overseas (Middle East).

For the quarter, L&T reported consolidated net profit of Rs 3,358.8 crore, up from Rs 2,947.36 crore a year ago, supported by a 17 per cent growth rate in net sales of Rs 64,667 crore in the same period.