views on L&T result by Taher Badshah,Sr Fund Manager & Co-head equities, Motilal Oswal AMC-PMS

L&T

Strong yoy sales growth of 26% yoy led by the core E&C segment, adjusted EBIDTA margins (after adjusting for MTM forex hit) is in line with expectations at 11.4 .Order inflow was very strong at Rs 195 bn which is a growth of 21% and order backlog is Rs 1531 bn. We believe it remains the best play in the infrastructure space in India.

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