L&T Q4 Results

As working capital requirements also rise, analysts estimate earnings to dip in FY21

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

(Reuters) - Industrial group Larsen & Toubro Ltd posted a nearly 5 percent rise in fourth-quarter net profit on Monday, beating analysts' estimates, on higher order intake during the period.

L&T will announce its March 2018 ended quarter and full financial year 2017-18 financial results on Monday

Engineering and construction conglomerate Larsen & Toubro (L&T) today registered a 29.5 per cent jump in consolidated net profit to Rs 3,025 crore for the fourth quarter ended March 31, 2017. The company which said government's thrust on key infrastructure sectors will be strong driver for stable economic growth, had clocked a consolidated net profit of Rs 2,335 crore in the corresponding quarter of previous fiscal. "The consolidated gross revenue in the January-March 2017 quarter totalled Rs 36,828 crore, recording an increase of 12 per cent on a y-o-y basis," the company said. The order intake for the quarter at Rs 47,289 crore grew by 9.6 per cent y-o-y and international order inflow during the quarter at Rs 9,044 crore constituted 19 per cent of the order inflow for the quarter. Consolidated Order Book of the group stood at a robust level of Rs 261,341 crore as at March 31, 2017, higher by 5 per cent on a y-o-y basis. International Order Book constituted 27 per cent of

Total income rose 12% to Rs 36,828 cr; announces bonus issue in ratio of 1:2