L&T Q1 net profit may rise 25% YoY at ₹2,130 crore; to consider share buyback
1 year, 4 months ago

L&T Q1 net profit may rise 25% YoY at ₹2,130 crore; to consider share buyback

Live Mint  

Larsen & Toubro, the infrastructure major, is set to announce Q1 results on Tuesday. L&T’s consolidated net profit in Q1FY24 is expected to grow around 25% year-on-year to ₹2,130 crore, according to average analysts’ estimates. On the operational front, L&T’s Q1 earnings before interest, taxes, depreciation and amortization may rise 15% YoY to ₹4,565 crore, while its EBITDA margin is expected to expand by 29 basis points to 11.3%. “L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in domestic market, significant traction in capex from oil exporting countries, mainly hydrocarbon segment and expected uptick in private capex,” said brokerage firm Prabhudas Lilladher. L&T has announced that its board will also consider share buyback along with Q1 results today.

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