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 (2QFY20); Net Profit Down 3.2% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, L&T has posted a net profit of Rs 25 bn (down 3.2% YoY). Sales on the other hand came in at Rs 353 bn (up 10.1% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T Announces Quarterly Results (1QFY20); Net Profit Up 45.7% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, L&T has posted a net profit of Rs 18 bn (up 45.7% YoY). Sales on the other hand came in at Rs 296 bn (up 4.8% YoY). Read on for a complete analysis of L&T's quarterly results.

L&T 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

Here's an analysis of the annual report of L&T for 2018-19. 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 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.

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?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

L&T SHARE PRICE


Jan 20, 2020 (Close)

TRACK L&T

L&T - ANSALDO STS COMPARISON

COMPARE L&T WITH

MARKET STATS