L&T orders shine, but margins dull
1 year, 1 month ago

L&T orders shine, but margins dull

Live Mint  

Larsen and Toubro Ltd’s September quarter was characterized by healthy revenue growth and a stellar order pipeline. Infrastructure projects segment margin contracted by 120 basis points year-on-year to 5.4% last quarter, primarily due to changes in job mix and execution of older contracts. On the brighter side, L&T expects to surpass its order inflow target of 10-12% and revenue growth forecast of 12-15% for FY24. “Growth in hydrocarbons is positive as it has higher Ebitda margin profile than the infrastructure segment, better working capital cycle, and limited competition," said a report from Elara Securities dated 1 November. Consolidated revenue was up 19% year-on-year to ₹51,024 crore in Q2, primarily led by improved execution of the large order book, and accelerated progress in the projects and manufacturing business.

Growth Order Fy24 Ebitda Business Margin  infrastructure  shine  growth  yearonyear  business  margin  lt  order  revenue  trillion  orders  margins  fy24  dull

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L&T Q1 results: Net profit rises 12% to ₹2,786 crore; here are 5 key highlights
5 months ago

L&T Q1 results: Net profit rises 12% to ₹2,786 crore; here are 5 key highlights

Live Mint  

L&T posted a 12 per cent surge in its profit after tax at ₹ 2,786 crore for the June quarter compared to ₹ 2,493 crore in the same quarter last year. Engineering and construction giant Larsen and Toubro announced a 12 per cent year-on-year increase in its consolidated net profit, reaching ₹2,786 crore for the quarter ending June 30, 2024, …

How global orders filled L&T’s sails in Dec quarter
10 months, 3 weeks ago

How global orders filled L&T’s sails in Dec quarter

Live Mint  

A surge in international contracts swelled the order book at engineering conglomerate Larsen & Toubro Ltd in the December quarter, even as domestic orders lost steam at India’s largest engineering and construction company. Led by its West Asia operations, L&T’s international order inflows during the third fiscal quarter surged 230% over the previous year to ₹50,600 crore, while domestic order …

L&T’s net profit soars 45% in Q2 to ₹3,223 crore
1 year, 1 month ago

L&T’s net profit soars 45% in Q2 to ₹3,223 crore

Live Mint  

New Delhi: Construction and engineering behemoth Larsen & Toubro reported 45% growth in its consolidated net profit to ₹3,223 crore in the September quarter, driven by improved order book execution. The company received orders worth ₹ 89,153 crore at the group level in the quarter, registering a robust growth of 72% from a year earlier. The IT and technology services …

L&T share price up 41% in last one year; should you still buy it?
1 year, 3 months ago

L&T share price up 41% in last one year; should you still buy it?

Live Mint  

Larsen & Toubro share price fell almost 2 per cent in morning trade on BSE on Friday, looking set to extend their losing run into the second consecutive session amid weak market sentiment. L&T share price has strongly outperformed equity benchmark Sensex in the last one year, rising over 41 per cent. Here's what they said: Fundamental views Abhishek Jain, …

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 …

L&T Q2: Consolidated net profit rises by 22.5% to ₹2,229 cr
2 years, 1 month ago

L&T Q2: Consolidated net profit rises by 22.5% to ₹2,229 cr

Live Mint  

Larsen & Toubro on Monday reported consolidated net profit of ₹2,229 crore for the quarter ending September 30, 2022. L&T consolidated order intake rose 23 per cent during the quarter to ₹51,914 crore, of which international markets constituted 33 per cent of the total order inflow. The company's infrastructure projects segment secured order inflows of ₹25,058 crore, during the quarter, …

L&T sees revenue from IT business doubling by FY26
2 years, 7 months ago

L&T sees revenue from IT business doubling by FY26

Live Mint  

Larsen and Toubro Ltd expects its information technology services business to more than double to ₹73,980 crore in revenue by the end of March 2026, and the share of the high-margin business to jump from a fifth of total revenue now to 27%. Mumbai-headquartered L&T, the country’s largest engineering and construction company, outlined this sanguine outlook for the technology services …

L&T Q4 Results: Net Profit Jumps 10% YoY To Rs 3,621 Crore; Revenue Up To Rs 52,851 Crore
2 years, 7 months ago

L&T Q4 Results: Net Profit Jumps 10% YoY To Rs 3,621 Crore; Revenue Up To Rs 52,851 Crore

News 18  

Engineering major Larsen & Toubro on Thursday reported a 10 per cent jump in its net profit to Rs 3,620.69 crore for the March 2022 quarter, compared with Rs 3,292.81 crore in the year-ago period. “The consolidated net profit after tax for the quarter ended March 31, 2022, at Rs 3,621 crore registered a growth of 10 per cent over …

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