L&T report strong quarter

Larsen & Toubro country’s largest business corporation which has diversified into different business segments posted its quarterly results on Monday. Its core business segment, infrastructure recorded strong growth over the quarter.

The consolidated revenue for the quarter rose by 10.5 per cent in Q4FY18 to Rs. 40,678 crore vs Rs. 36,827 crore in Q4FY17 and Rs. 28,747 crore in the previous quarter. This was largely due to strong performance across the business segment.

The EBITDA for the quarter rose by 23.1 per cent yoy and 71.5 per cent qoq. The EBITDA for the quarter stood at Rs. 5,390 crore in Q4FY18 vs Rs. 4,380 crore in Q4FY17 and Rs. 3,142 crore in the previous quarter. The EBITTDA margins for the quarter expanded by 140 bps to 13.3 per cent in Q4FY18 vs 11.9 per cent in Q4FY18.

The net profit for the quarter also rose by 11.9 per cent yoy to Rs. 3,454 crore in Q4FY18 vs Rs. 3,097 crore in Q4FY17 vs Rs. 1,788 crore in Q3FY18.

For the full-year revenue grew by 9 per cent yoy. The EBITDA and EBITDA margin for the year stood at Rs. 13,571 crore and 11.3 per cent in FY18 vs Rs. 11,129 crore & 10.1 per cent in FY17. Lastly, the net profit for the quarter rose by 22.7 per cent to Rs. 8,440 crore


​The stock rose 2.52 per cent and closed at Rs. 1,377 per share on Monday.