LT Q1FY19 profit jumps 43 per cent
Larsen & Toubro (L&T) reported its results for the quarter ended June 30, 2018.
The consolidated revenue for the quarter came in at Rs. 28283.45 crore, registering 17.9 per cent yoy increase with pick up of execution momentum in project businesses and robust growth in services business. International revenue during the quarter at Rs. 9,669 crore constituted 34 per cent of the total revenue in line with previous year. The details of the various segments are mentioned in the below table.
EBITDA for the quarter rose by 40.4 per cent yoy to Rs. 2913.27 crore with a corresponding margin expansion of 165 bps. EBITDA margin for the quarter stood at 10.3 per cent.
The PAT for the quarter came in at Rs. 1472 crore, yoy increase of 43.1 per cent.
During Q1FY19, the company won new orders worth Rs. 36,142 crore at the group level, recording a growth of 37 per cent, with pick-up in domestic ordering activity during the quarter. International orders at 9,404 crore constituted 26 per cent of the total order inflow. Infrastructure, Hydrocarbon and Heavy Engineering businesses largely contributed to the growth in order inflows during the quarter.
The Consolidated Order Book stood at Rs. 271,732 crore as at June 30, 2018. International Order Book constituted 23 per cent of the total Order Book.
On Tuesday, the stock opened at Rs. 1335 per share and made an intraday low of Rs. 1315.50 and finally closed at Rs. 1320.05, on the BSE.