L&T Q4 Results finally Announced
Larsen & Toubro (L&T) share price rose intraday on May 13 - a day after the company reported its March quarter earnings.
Larsen & Toubro reported a 10% year-on-year rise in consolidated net profit at Rs 3,621 Cr. which was below analysts expectations.
L&T Q4 Results- 10% Net Profit
L&T Q4 Results- Revenue Growth
The infrastructure giant's consolidated revenue from operations rose 10 percent on-year to Rs 52,851 crore.
Foreign research house Jefferies maintained buy rating and cut target price to Rs 2,215 from Rs 2,525 per share.
L&T Q4 Results- Target Price Cut
L&T Q4 Results- Comapany's EBITDA Profile
Revenue & EBITDA was 6% and 11% below expectations, while E&C execution missed at 9 percent YoY growth.
Jefferies look forward to execution & margin recovery in FY23and lower FY23-25 EPS estimates by 4-7 percent, reported CNBC.
L&T Q4 Results- Margin Recovery in FY23
L&T Q4 Results- Challenges Faced
L&T reported decent performance despite global headwinds, supply chain challenges and a rise in commodity prices.
At 9:42am, Larsen & Toubro was quoting at Rs 1,545.40, up Rs 21.05, or 1.38 percent on the BSE.
L&T Q4 Results- Share Price
L&T Q4 Results- Swipe Up!!!
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