L&T net profit rises 7% to Rs 3,418 crore in Q4 on strong revenues
Larsen & Toubro, India's largest construction and engineering company, reported net profit growth of 7 percent year-on-year to Rs 3,418 crore in the fourth quarter ended March 31 driven by strong revenue growth and operational performance.
The net profit in the corresponding quarter of the previous year was at Rs 3,167.47 crore.
Consolidated Profit After Tax (PAT) for the year ended March 31, 2019 grew 21% YoY to Rs 8,905 crore.
Consolidated gross revenue in the quarter came in at Rs 44,934 crore - an increase of 10% on YoY basis.
The order intake for the quarter ended March 31 stood at Rs 56,538 crore up 14% YoY. International order inflow during the quarter was at Rs 17,680 crore - 31% of the total order inflow for the quarter.
Consolidated order book of the group stood at Rs 2,93,427 crore as at March 31.
The board has recommended a dividend of Rs 18 per equity share.
The infra segment EBIT was up at Rs 3,088.3 crore, while margin was at 11.4 percent.
The power business revenue was down by 38% at Rs 934.3 crore against Rs 1,506.8 crore. The EBIT declined 45.4% at Rs 28.4 crore and margin was at 3 percent.
The other income of the company stood at Rs 620 crore.
Heavy engineering business revenue rose 75.7 percent at Rs 899.5 crore against Rs 512 crore, YoY.
Shares of Larsen & Toubro ended at Rs 1,355.25, down Rs 1.45, or 0.11 percent., while the benchmark Sensex ended lower 95.92 points at 37462.99
PostedOn: 10 May 2019
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