- Wealth PMS (50L+)
The Big Mo Corner by Mohit Satyanand.
The quarterly and annual numbers for L&T came in on Friday. The first thing I looked for was how they compared to ‘the street’ – analyst expectations for earnings. Quarterly turnover, at Rs. 20,000 cr, was slightly ahead of the consensus, but PAT at Rs. 2723 cr., was well ahead, even after accounting for one-time gains, at about Rs. 500 cr. This performance should put a net under the stock price, not unwelcome, even if one is buying for the long-term.
For the record . . .