Larsen and Toubro (L&T) on Friday reported an 8% year-on-year rise in its consolidated net profit for Q4FY19 at Rs 3,400 crore. The engineering major’s revenue from operations rose 10% y-o-y to Rs 44,900 crore. Both the revenue and the net profit were slightly better than analysts’ estimates.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 3% y-o-y to Rs 5,600 crore while the EBITDA margin contracted by 80 basis points y-o-y to 12.5%. The order intake for the quarter ended March stood at Rs 56,538 crore, up by 14% y-o-y. The international order inflow during the quarter stood at Rs 17,680 crore and constituted 31% of the total.
