Larsen & Toubro Q4 results outperform the estimates

L&T the Indian conglomerate has beaten street estimates in its Q4FY16 results and has outperformed the guidance of 10-15 per cent growth. The company has posted the results after market hours but the stock of L&T has surged 3.85 per cent to Rs 1290 ahead of the results.

L&T has posted positive Q4 earnings, wherein its consolidated Net sales have risen to Rs 32812.24 crores in this quarter as against Rs 25829.26 crores in Q3FY16, an increase of 27 per cent. Company’s EBITDA stands at Rs. 4859.17 crores as against Rs. 2649.89 crores, an increase of 83.4 per cent. Net profits have seen a twofold rise of 137.1 per cent to Rs. 2453.64 crores in this quarter as compared to Rs. 1034.8 crores.

The Year on Year (YOY) results show that, Company’s consolidated net sales have risen 17.1 per cent which was Rs 28022.62 crores during the corresponding quarter of the last year. EBIDTA of company has risen 34.6 per cent from Rs 3608.95 crores Y-O-Y. Net profit (PAT) too has witnessed an increase of 18.6 per cent from Rs 2069.64 crores.

On a yearly basis L&T has seen a rise of 10 per cent in its consolidated net sales at Rs. 101336.05 crores for the year ended March 2016 as compared to Rs 92004.58 crores for FY15. Moreover, company’s EBITDA has surged 8.9 per cent to Rs. 12342.73 crores for FY16 as compared to Rs 11335.61 crores in FY15. Net profit has grown marginally from Rs 4764.82 crores in FY15 to 5090.53 crore in FY16, an increase of 6.8 per cent amid negative minority interest of nearly 445 crores.

Larsen & Toubro, a conglomerate, deals in technology, engineering, construction, manufacturing and financial services. It operates through various segments like infrastructure, thermal power generation; power transmission and distribution; hydrocarbon; defense sector; heavy engineering; metallurgical and material handling; electrical and automation; realty; information technology ; financial services; and developmental projects.