About the Company:
Larsen & Toubro is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. L&T embedded in key sectors are Hydrocarbon, Infrastructure, Power, Process Industries and Defence.
QoQ & YoY Performance:
India’s leading Construction engineering company has declared the results for the second quarter of the financial year ending March 2020.
- Net Profit After Tax: The company’s Net profit during the quarter grew by 50% stood at Rs 2,551.67 crore in Sept 2019 as against Rs 1,697.62 crore in June 2019.
- Net Revenue: Net sales grew by 19% of Rs. 35,328.45 crores during the period ended Sept 2019, compared to Rs. 29,635.95 crores in the previous quarter of this year. Customer Revenue of Realty, Construction it Mining Machinery, Industrial Machinery & Products and Valves businesses at Rs. 1,544 crores registered a growth of 7% over the corresponding quarter of the previous year.
- Financial Segment: Revenue of 3,444 crore during the quarter ended September 30, 2019, registered YoY growth of 10%, due to growth in loan assets of 'focused' business.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed Rs. 1431.40 per share today. The company has posted healthy financial performance along with the company that has won new orders worth 48,292 crores during the quarter ended September 30, 2019, registered a year on year growth of 20%. International orders during the quarter at 16,675 crores constituted 35% of the total order inflow. Hence, we recommend it to “BUY” for the target of Rs. 1574 per share for Long-Term view.