Jan 22, 2014, 06.10 PM IST
The company said the company's focus on international markets is yielding results, and it was international order inflows that helped sustained the order book.
Tags Larsen and Toubro, L&T
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L&T cuts FY14 order growth to 15%, to focus on overseas biz
The company said the company's focus on international markets is yielding results, and it was international order inflows that helped sustained the order book.
Like this story, share it with millions of investors on M3
L&T cuts FY14 order growth to 15%, to focus on overseas biz
The company said the company's focus on international markets is yielding results, and it was international order inflows that helped sustained the order book.
Heavy engineering major Larsen and Toubro Wednesday said it expected to end the current financial year with a 15 percent growth in order inflows, instead of the 20 percent it had projected earlier.
On its revenue growth guidance, the company said it had a "fighting chance" to meet the 15 percent target. The company will have to gross revenues of close to Rs 23,000 crore in the current quarter to be able to meet that guidance.
The company said the company's focus on international markets is yielding results, and it was international order inflows that helped sustained the order book.
L&T bagged Rs 8237 crore of international orders during the quarter. The company said it would continue to boost presence in select overseas markets.
Currently international book accounts for 15-16 percent of total revenues, and L&T expects it to rise to around 21 percent of revenues next year.
With the domestic business not showing any signs of recovery, the company will focus on execution and working capital management to maintain its margins.
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