L&T Q4 results: Profit jumps 25% YoY, beats estimates; recommends ₹34 dividend

Engineering and construction major Larsen & Toubro (L&T) reported a 25% year-on-year (YoY) rise in consolidated net profit at ₹5,497 crore for the March quarter, beating CNBC-TV18’s estimate of ₹5,024 crore.

Revenue for the quarter stood at ₹74,392 crore—up 11% from ₹67,078 crore a year ago—but below the CNBC-TV18 poll estimate of ₹77,745 crore.

EBITDA grew 13.4% YoY to ₹8,202 crore, also trailing the poll estimate of ₹8,363 crore. Operating margin improved slightly to 11%, compared with 10.8% in both the year-ago period and the poll forecast.
The board has recommended a final dividend of ₹34 per equity share, subject to shareholder approval.

Ahead of the earnings announcement, shares of L&T closed flat at ₹3,320.60 on the BSE on Thursday, May 8. The stock has gained 9.5% over the past month.

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Ahead of the earnings announcement, shares of L&T closed flat at ₹3,320.60 on the BSE on Thursday, May 8. The stock has risen 9.5% over the past month.