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Recovery on track; may resume guidance next year: L&T CFO

Updated : December 08, 2020 01:35:04 IST

Infrastructure company Larsen & Toubro (L&T) had reported a 45 percent decline in consolidated net profit to Rs 1,410.29 crore for the quarter ended September 30, 2020. However, since then, the Indian market is on a fast recovery path.

We see promising prospects in the business of water capture, connectivity and treatment, said R Shankar Raman, Whole-time Director & CFO of Larsen & Toubro (L&T).

Speaking in an interview to CNBC-TV18, he said, “For us to hold to any guidance with credibility, I would like to see some more data points. However, having said that we are close to Rs 3.5 lakh crore worth of order book.”

“Things are getting better. We are still playing catch up game. The fact that we lost a four-and-a-half month of the current year is a setback in the context of the year, but we as a country, we as an industry and we as a company have managed the disruption caused by COVID rather well,” he added.

For entire interview, watch the video
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