L&T in the limelight

about 27 days ago
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L&T posted very good numbers for Q3FY19. Its consolidated net profit rose 37% (YoY) at Rs.2042 crore, mainly on account of overall good performance and higher other income.

Its revenue was up 24% at Rs.35,708 crore while other income was up at Rs.606 crore on higher treasury investments. EBITDA was up 27% at Rs.3997 crore. EBITDA margin rose from 10.9% to 11.2% (YoY).

The consolidated order book stood at Rs 284,049 crore as on December 31, 2018, up by 5% (YoY) though with the elections expected in next couple of months, L&T expects orders to taper off for some time.

L&T has maintained its outlook for FY19, with order inflow guidance of 10-12% , revenue growth of 12-15% and 25bps rise in EBITDA margin.

The stock price has reacted positively to this news with the price rising  over 4% to Rs.1337.45. Its 52-week high is at Rs.1469.60.

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