L&T net up 8% at Rs 3,418 cr in Q4; dividend of Rs 18 a share announced

Engineering and construction major Larsen & Toubro (L&T) reported on Friday its net profit rose 8 per cent to Rs 3,418 crore in the March quarter (Q4) of FY2018-19 year-on-year, according to a filing with the Bombay Stock Exchange (BSE).

The Board of Directors has recommended for the approval of shareholders, a dividend of Rs 18 per equity share.

The company's revenues increased 10 per cent to Rs 44,934 crore in Q4FY19 year-on-year.

Analysts at ICICI Securities expected L&T’s standalone revenue to grow 14 per cent year-on-year (YoY) to Rs 30,702.9 crore. EBITDA (Earnings before interest, tax, depreciation