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May 14, 2012, 12.00 PM IST
Engineering and construction company Larsen & Toubro is expected to report a growth of 16% in its standalone adjusted profit after tax of Rs 1,691 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Adjusted PAT does not include exceptional items of Rs 227 crore for Q4FY11, which constituted gains on sale of investment in an associate company and partial sale of a strategic investment. Reported PAT is likely to go up by just 0.31% at Rs 1,691 crore from Rs 1,686 crore YoY.
Total income is seen going up by 22% to Rs 18,843 crore from Rs 15,384 crore year-on-year.
EBITDA too is likely to go up by 14% to Rs 2,664 crore for the January-March quarter of 2012 as against Rs 2,341 crore in a year ago period.
However, operating profit margin is expected to decline at 14.14% versus 15.22% during the same period.
For FY12, L&T's standalone total income is seen going up by 23% to Rs 53,569 crore YoY and EBITDA is expected to go up by 12% to Rs 6,303 crore.
Adjusted PAT is likely to go up by 14% to Rs 4,227 crore from Rs 3,696 crore while reported PAT up by 7%.
However, operating profit margin is seen falling at 11.77% versus 12.93% YoY.
- Revenue growth is expected on the back of decent execution of large order book of Rs 1,46,000 crore
- Margin decline is expected due to higher input costs and possible M2M losses as seen in Q3
Order Inflows a key factor to watch for
- Company has so far announced order inflows of Rs 12,500 crore during Q4FY12
- Company is set to miss its FY12 order inflow growth guidance of 5% YoY
Tags: Larsen & Toubro
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