L&T posts strong Q1FY17 results

Larsen & Toubro (L&T) has declared its Q1FY17 results on Friday after market hours. The company’s revenue has increased by 9.11 per cent to Rs 21874 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 16.09 per cent to Rs 1905 crore in Q1FY17 on a yearly basis. L&T’s EBITDA margin has expanded by 52 basis points to 8.71 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit also has risen by 19.62 per cent to Rs 494 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 20 basis points to 2.26 per cent in Q1FY17 as compared to same period in previous financial year.

On segmental revenue front, L&T has earned 41.03 per cent from infrastructure; 7.61 per cent from power; 3.24 per cent from heavy engineering; 4.78 per cent from electrical and automation; 9.48 per cent from hydrocarbon;10.49 per cent from IT; 9.24 per cent from financial services; 6.11 from developmental projects; and 8.03 per cent from others during Q1FY17.

The share price of L&T has decreased by 1.2 per cent on bourses and closed at Rs 1558 on an intraday basis.

L&T is a technology, engineering, construction, manufacturing and financial services company. The company operates through the segments viz. infrastructure; thermal power generation; power transmission and distribution; hydrocarbon; defence sector; heavy engineering; metallurgical and material handling; electrical and automation; realty; information technology; financial services; and developmental projects.