What to expect from L&T's Q2 earnings?

Engineering and construction behemoth, Larsen & Toubro will be posting its second quarter earnings today Tuesday, 22 November 2016. Q2 results of the company are expected to be in-line with street estimates, however, execution of orders will be keenly tracked.

Profits for the quarter are expected to see a slight de-growth from core activities, however, exceptional gains via income from IPO proceeds of one of its subsidiary is likely to augment profitability for the quarter in review.

Revenue growth is likely to be moderate as various other verticals may see a bit of slowdown in revenue run rate. Margins may be impacted in the quarter.

Order book status along with the pace of execution will be watched closely as it would indicate future operational visibility of the company.

Management commentary on demonetisation, kattupalli port and revenue guidance will be important.

Ahead of the quarterly results shares of L&T were trading down by close to a percentage point at Rs 1333.65 on NSE.