L&T posts Rs 31.70 billion profit in Q4, beats estimates

Projects double-digit growth in revenue, order inflow in FY19

Engineering conglomerate Larsen & Toubro (L&T) reported a 5 per cent year-on-year increase in its consolidated profit after tax (PAT) at Rs 31.70 billion for the quarter ended March 2018 on improved operational performance, surpassing the Bloomberg consensus estimate of Rs 29.95 billion. The company, which beat its revised guidance for order inflow in the last financial year, remains optimistic of a promising year ahead for new orders.

The firm’s revenues from operations were Rs 406.80 billion, 11 per cent higher than Rs 366.20 billion reported in the corresponding quarter a year earlier. These were a tad short of expectations of