LT PAT jumps 37 per cent, power segment underperformed

Larsen & Toubro reported its results for the quarter ended December 31, 2018 on Friday after market hours.

The company's consolidated revenue for the quarter came in at Rs 35708.87 crore as against Rs 28747.45 crore in the corresponding quarter last year, registering 24.2% yoy increase. International revenue during the quarter stood at Rs 11,476 crore and constituted 32% of the total revenue, lower than 35% in the previous year.

The company secured total orders amounting to Rs 42,233 crore during Q3FY19. It has witnessed delays in order awards due to deferment of select prospects in project businesses mainly in transportation infrastructure, heavy civil infrastructure and power business. International orders contributed 27% to the total order book amounting to Rs. 11454 crore. The consolidated order book stood at Rs. 284,049 crore as on December 31, 2018, up by 5%. The segment-wise order book and yoy change in the same in mentioned in the table below:


The EBITDA for the quarter rose by 27.2% yoy to Rs 3996.31 crore as against Rs 3141.26 crore in the corresponding quarter last year, with a corresponding margin expansion of 26 bps. The EBITDA margin for the quarter stood at 11.2%.

The PAT for the quarter came in at Rs 2041.62 crore, as against Rs 1489.98 crore in the corresponding quarter last year, an increase of 37% yoy.

On Friday, the stock opened at Rs 1306 and made an intra-day high and low of Rs. 1314.20 and Rs. 1280 on the BSE, respectively, and finally closed at Rs. 1285.55. The stock had hit its 52-week high of Rs 1469.60 on February 1, 2018 and its 52-week low of Rs 1183.40 on October 23, 2018 on the BSE.