Larsen & Toubro Q1 results preview: Net profit likely to grow 24% to Rs 2,110 crore

Construction major Larsen & Toubro (L&T) is scheduled to report its financial results for the April-June period on Tuesday, July 25. Analysts expect the infrastructure conglomerate to stage a strong quarterly performance driven by a robust order book as well as execution, and a decrease in raw material costs. 

According to Zee Business research, L&T is estimated to report a consolidated net profit of Rs 2,110 crore for the quarter ended June 30, 2023, which translates to an increase of 23.9 per cent compared with the corresponding period a year ago. 

The analysts estimate its revenue to grow 13.3 per cent on a year-on-year basis to Rs 40,619.3 crore. They expect the company to report Rs 4,403 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), marking growth of 11.3 per cent compared with the year-ago period. 

According to the research, L&T's margin — a key measure of profitability — is pegged at 10.84 per cent for the June quarter, as against 11.04 per cent for the year-ago period. 

The analysts estimate the company's total order book to expand 11 per cent on a year-on-year basis to Rs 4.04 lakh crore. 

Besides earnings, the L&T board will also consider a share buyback on Tuesday. 

How L&T fared in Q4

For the quarter ended March 31, 2023, L&T reported a 10.1 per cent year-on-year increase in consolidated net profit to Rs 3,986.8 crore. 

Its revenue for the final quarter of the financial year 2022-23 grew 10.4 per cent to Rs 58,335.2 crore and margin came in at 11.71 per cent. 

The company reported a record order book for the March quarter. Read more on L&T Q4 results

L&T share price: Past performance 

L&T shares finished the June quarter with a gain of 14.3 per cent, outperforming a 10.5 per cent rise in the benchmark Nifty index. 

As of July 24, the L&T stock has grown 46.3 per cent in value in the past year while the Nifty has gone up 18.3 per cent.

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