L&T may continue to outperform indices following strong order flow
The total order backlog of L&T increased by 14% year-on-year to Rs 3.9 lakh crore in the first nine months of FY23 helped by 30% growth in the order inflow to Rs 1.5 lakh crore. This offers revenue visibility for the next two years. Revenue is expected to grow 15% for FY23 and FY24.
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