X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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 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.

L&T Announces Quarterly Results (4QFY18); Net Profit Up 11.6% (Quarterly Result Update)

May 30, 2018 | Updated on May 30, 2018

For the quarter ended March 2018, L&T has posted a net profit of Rs 35 bn (up 11.6% YoY). Sales on the other hand came in at Rs 407 bn (up 10.5% 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?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

My Top 7 Stocks to Buy Now(The 5 Minute Wrapup)

Nov 30, 2018

Of all the stocks that you could buy in this market, I've picked the seven best safe stocks that offer the ideal combination of safety and profit.

4 Rebound Stocks to Profit from the Current Small Cap Crash(Profit Hunter)

Dec 3, 2018

Indian small cap space is offering a discount season. Make sure you do not get too late to scoop up the bargains.

Reliance CPSE ETF (FFO3): Should You Invest?(Outside View)

Nov 29, 2018

Personalfn's analysis note on Reliance Mutual Fund Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF). Should you subscribe?

Safety Beats Growth in 2018(Chart Of The Day)

Nov 30, 2018

With the markets turning up, these are my top 7 stock picks.

Looking For Higher Interest Rates on Bank FDs? Read This!(Outside View)

Dec 5, 2018

Credit disbursement to the productive sectors of the economy such as infrastructure, engineering, food processing, textiles, and chemicals, among others is rising.

More

Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

L&T SHARE PRICE


Dec 11, 2018 02:03 PM

TRACK L&T

COMPARE L&T WITH

MARKET STATS