X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
L&T Announces Quarterly Results (2QFY19); Net Profit Up 30.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

L&T Announces Quarterly Results (2QFY19); Net Profit Up 30.0%
Tue, 6 Nov

L&T has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

L&T Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m264,468282,835320,80813.4%21.3%
Other incomeRs m4,0132,4404,25374.3%6.0%
TurnoverRs m268,481285,275325,06113.9%21.1%
ExpensesRs m234,863253,702283,10311.6%20.5%
Gross profitRs m29,60429,13339,69136.2%34.1%
DepreciationRs m4,3066,4495,155-20.1%19.7%
InterestRs m3,9293,6483,9939.5%1.6%
Profit before taxRs m25,38221,47734,79562.0%37.1%
TaxRs m5,4399,3468,861-5.2%62.9%
Profit after taxRs m19,94312,13125,934113.8%30.0%
Gross profit margin%11.210.312.4
Effective tax rate%21.443.525.5
Net profit margin%7.44.38.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 21.3% on a year-on-year (YoY) basis. The expenses were up by 20.5% YoY during the same period.
  • The company's operating profit increased by 34.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 2QFY19 as against 11.2% in 2QFY18.
  • Depreciation charges increased by 19.7% and finance costs increased by 1.6% YoY, respectively.
  • Other income increased by 6.0% YoY during the quarter.
  • Net profit for the quarter increased by 30.0% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY18 to 8.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit increased by 36.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.4% in 2QFY19 as against 10.3% in 1QFY18.
  • Net profit for the quarter increased by 113.8% QoQ, while net profit margins increased from 4.3% in 1QFY18 to 8.0% in 2QFY19.

To see how L&T has performed over the last eight quarters, please visit here.

L&T Share Price Performance

Over the last one year, L&T share price has moved up from Rs 1,223.0 to Rs 1,352.8, registering a Gain of Rs 129.8 or around 10.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,082.4 (up 0.1%). Over the last one year it has moved down from 18,531.6 to 18,082.4, a gain of 449 points (down 2.4%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 1,352.8, the price to earnings (P/E) ratio of L&T stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

Equitymaster requests your view! Post a comment on "L&T Announces Quarterly Results (2QFY19); Net Profit Up 30.0%". Click here!

  

Related Views on News

L&T Announces Quarterly Results (3QFY19); Net Profit Up 35.2% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, L&T has posted a net profit of Rs 24 bn (up 35.2% YoY). Sales on the other hand came in at Rs 357 bn (up 24.2% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T 2017-18 Annual Report Analysis (Annual Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

Here's an analysis of the annual report of L&T for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of L&T. Also includes updates on the valuation of L&T.

L&T Announces Quarterly Results (1QFY19); Net Profit Up 13.8% (Quarterly Result Update)

Jul 27, 2018 | Updated on Jul 27, 2018

For the quarter ended June 2018, L&T has posted a net profit of Rs 12 bn (up 13.8% YoY). Sales on the other hand came in at Rs 283 bn (up 17.9% YoY). Read on for a complete analysis of L&T's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

L&T: Transition Challenges Continue to Have an Effect (Quarterly Results Update - Detailed)

Nov 15, 2017

The readjustment to the continuing impact of demonetisation and the accelerated implementation of GST has upset the business environment and tripped growth in the economy.

More Views on News

Most Popular

My Top 3 Defence Stocks to Buy Now(The 5 Minute Wrapup)

Mar 19, 2019

The urgency to privatise India's defence sector to make India self-reliant was never as strong as it is today.

5 Fundamentally Strong Stocks to Pick for Trading Today(Profit Hunter)

Mar 15, 2019

5 fundamentally strong stocks one could buy to trade in this market right now. Make sure you grab the chance this strongly rallying market offers.

This Small Cap Stock Could Offer Triple Digit Gains from its Current Price(Profit Hunter)

Mar 19, 2019

If you are still waiting for signals, remember, there is no correct timing, only right time to Buy stocks. For select small caps, that time is now.

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

Two Growth Stocks that Doubled in a Little Over 12 Months!(The 5 Minute Wrapup)

Mar 13, 2019

The elements that fueled profit growth for these two companies led to a surge in their stock prices.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

L&T SHARE PRICE


Mar 25, 2019 02:55 PM

TRACK L&T

COMPARE L&T WITH

MARKET STATS