Its consolidated core operating profit of Rs. 4,859.17 crore for the quarter, clocked growth of 35.15% yoy and 83.91% qoq. Operating profit margin for the current quarter at 14.66% expanded by 183 bps yoy and 443 bps qoq.
For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 5,090.53 crore, growing by 6.84% yoy. Its consolidated revenue for the period stood at Rs. 1,02,631.69 crore, registering growth of 11.55% yoy.
Larsen & Toubro Ltd's core operating profit stood at Rs. 12,342.73 crore, recording growth of 9.64% yoy. Operating margin for the current period at 12.67% expanded by 43 bps yoy.
On standalone basis,Larsen & Toubro Ltd, reported standalone net profit of Rs. 2,539.14 crore for the quarter ended March 31, 2016, registering growth of 23.22% yoy and 187.58% qoq. The company’s revenue stood at Rs. 21,061.31 crore, up 11.04% yoy and 42.56% qoq.
Its standalone core operating profit of Rs. 3,193.15 crore for the quarter, clocked growth of 28.21% yoy and 218.71% qoq. Operating profit margin for the current quarter at 15.16% expanded by 203 bps yoy and 838 bps qoq.
For the year ended March 31, 2016, the company reported standalone net profit of Rs. 5,311.46 crore, growing by 5.05% yoy. Its standalone revenue for the period stood at Rs. 59,779.61 crore, registering growth of 4.84% yoy.
Larsen & Toubro Ltd's core operating profit stood at Rs. 6,170.78 crore, recording decline of 4.9% yoy. Operating margin for the current period at 11.58% expanded by 20 bps yoy.
Result Highlights: (Rs. in crore)
|Reported Results||IIFL Estimates||Variance (%)|
|Consolidated Net Profit||2453.64||1800.2||36.30|
Bloomberg estimated the company’s consolidated net profit at Rs. 1,909.79 crore.
Larsen & Toubro Ltd ended at Rs. 1291.3, up by 49.9 points or 4.02% from its previous closing of Rs. 1241.4 on the BSE.
The scrip opened at Rs. 1250.5 and touched a high and low of Rs. 1296.9 and Rs. 1250.5 respectively. A total of 2757054(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 115677.98 crore.
The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1886.25 on 17-Jul-2015 and a 52 week low of Rs. 1016.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1311 and Rs. 1224 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 54.51 % and 43.43 % respectively.
The stock traded below its 200 DMA.