Ways2Capital Reviews : Larsen & Toubro Stock Gains After Profit Beats Estimates In Q4FY18

Larsen & Toubro stock gained 2% after it reported Q4FY18 numbers above the consensus estimates. The company’s net profit grew by 4.7% yoy to Rs3,167.47cr as against Rs3,024.61cr last year, beating the estimate by 5.8%.

The company’s revenue from operations grew by 11.1% yoy to Rs40,678.1cr as against Rs36,618.74cr (Net of excise duty) in Q4FY17.

The company’s EBITDA margin has increased by 128bps yoy to 13.3% as against 12% in Q4FY17.

The order intake for the quarter ended March 31, 2018 at Rs49,557cr grew by 5% yoy. International order inflow during the quarter at Rs8,678cr constituted 18% of the order inflow for the quarter.

The stock is currently trading at Rs1,400 up by Rs22.4 or 1.63% from its previous closing of Rs1,377.60 on the BSE.

The scrip opened at Rs1,395 and has touched a high and low of Rs1,423.90 and Rs1,386.05 respectively. 

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About Bhoomi Desai

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