Parameswaran Ramakrishnan
EVP, Larsen & Toubro
Notable Quotes
We are confident of exceeding our full-year FY 2026 guidance of 10% growth in group order inflows for the current year.
The current southward movement in Energy margins is baked. I reiterate, is baked when you are given the guidance of eight and a half.
We are pleased to highlight that we have begun our final year of StratPlan FY 2026 on a strong note with a robust performance across the various financial parameters.
The hydrocarbon margin drift for Q1 is along budgeted lines, and the same has been baked in the P&M margin guidance for FY 2026 that we gave at the start of this year.
If you really ask me, the overall net working capital of the P&M segment today is at almost 8.5%. Now, if I just exclude water as a segment, there can be a further improvement of almost 75 basis points.
We believe that we would be surpassing the 10% guidance on order inflows for FY25.
We do expect some of these investments to start contributing to group returns in the next Lakshya plan of the company, which will start from FY27 and end at FY31.
Our group order inflows, revenues, and PAT is up by 57%, 34%, and 46% respectively, over the corresponding quarter of the previous year.
We remain confident of achieving the order inflow growth of 10%-12%, and the revenue growth of 12%-15% for the year FY 2024.
The size of the CapEx spend that we are witnessing in some of the countries in Middle East is so large that the few of the companies that have been selected as an approved bidder, I think the size of the cake is so large that each one will probably get a fair share.