L&T sees FY19 revenue growth at 12-15%; 5 key takeaways from Q4 earnings
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Larsen & Toubro on Monday reported better-than-expected financial results for the quarter ended March 31. It posted a 4.69 per cent rise in profit at Rs 3,167 crore for March quarter, beating Rs 3,098 crore estimated by analysts in an ET Now poll.
L&T had reported a profit of Rs 3,024.61 crore in the corresponding quarter last year. The company announced its results post market hours.
Here are the top five takeaways from L&T's fourth quarter earnings
Q4 topline growth: Revenue of the infra major increased to Rs 40,678.10 crore in Q4FY18 over Rs 36,827.99 crore in Q4FY17.
Order book: The order intake for the quarter ended March 31 increased by 5 per cent year-on-year (YoY) to Rs 49,557 crore. Consolidated order book of the group stood at Rs 2,63,107 crore as of March 31, 2018, with international order book constituting 24 per cent of the total order book.
Guidance: L&T expects to continue its planned trajectory of profitable and steady growth which, along with its many value enhancing measures, is aimed at improving shareholder returns on a sustainable basis. The company expects to achieve ROE of 18 per cent by FY21.
L&T sees FY19 revenue growth at 12-15 per cent, whereas order inflow growth seen at 10-11 per cent.
Annual performance: Consolidated net profit of the company jumped 22 per cent YoY to Rs 7,369.86 crore in FY18 against Rs 6,041.23 crore last year.
For shareholders: The board has recommended a dividend of Rs 16 per share (previous year Rs 14 per share) and the company will arrange to pay the same on August 27, 2018.
L&T had reported a profit of Rs 3,024.61 crore in the corresponding quarter last year. The company announced its results post market hours.
Here are the top five takeaways from L&T's fourth quarter earnings
Q4 topline growth: Revenue of the infra major increased to Rs 40,678.10 crore in Q4FY18 over Rs 36,827.99 crore in Q4FY17.
Order book: The order intake for the quarter ended March 31 increased by 5 per cent year-on-year (YoY) to Rs 49,557 crore. Consolidated order book of the group stood at Rs 2,63,107 crore as of March 31, 2018, with international order book constituting 24 per cent of the total order book.
Guidance: L&T expects to continue its planned trajectory of profitable and steady growth which, along with its many value enhancing measures, is aimed at improving shareholder returns on a sustainable basis. The company expects to achieve ROE of 18 per cent by FY21.
L&T sees FY19 revenue growth at 12-15 per cent, whereas order inflow growth seen at 10-11 per cent.
Annual performance: Consolidated net profit of the company jumped 22 per cent YoY to Rs 7,369.86 crore in FY18 against Rs 6,041.23 crore last year.
For shareholders: The board has recommended a dividend of Rs 16 per share (previous year Rs 14 per share) and the company will arrange to pay the same on August 27, 2018.