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Star Health hits new low post Q3 nos, down 53% from IPO price; time to buy? The brokerage firm says the company's margins may see ramping up but at a slower pace, on the back of a robust order inflow growth, execution completion of legacy projects, and refinancing of the Hyderbad metro project.
Moreover, approximately 85 per cent of the inflows were led by domestic entities, constituting ultra mega order from its power boiler turbine generator (BTG) and other segments, such as precision engineering and hydrocarbons worth approximately Rs 400 billion. Elara Capital has pegged Larsen & Toubro's third quarter net sales to rise 21.6 per cent annually and 8.9 per cent sequentially, to Rs 67,046.3 crore, while Ebitda is expected to rise 12.2 per cent annually and 1.6 per cent sequentially, to Rs 6,463.3 crore, while PAT is expected to rise 18.7 per cent Y-o-Y and 3 per cent Q-o-Q to Rs 3,497.5 crore. The brokerage firm estimates Larsen & Toubro's October to December quarter net sales to rise 15 per cent annually and 3 per cent sequentially to Rs 63,357.7 crore, and Ebitda is expected to increase 16 per cent Y-o-Y and 5 per cent Q-o-Q to Rs 6,689 crore, while PAT is expected to rise 26 per cent on an annual basis, and 9 per cent Q-o-Q to Rs 3,700.3 crore.
The story "Larsen & Toubro Q3 preview: Q3 profit may rise 21% on strong orders inflows" has 667 words across 6 sentences, which will take approximately 3 - 6 minutes for the average person to read.
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