Larsen & Toubro's hydrocarbon business records a profit margin of 7.7%

For 2015-16, the hydrocarbon segment reported earnings before interest, taxation, depreciation and ammortisation (Ebitda) margins of 0.6%

For 2017-18, Larsen & Toubro’s (L&T) hydrocarbon business recorded a profit margin of 7.7 per cent. This, for the segment that earlier struggled with sticky orders, is a complete turnaround from losses reported between fiscal year 2013 and 2015.
 
Top officials heading the segment attribute the turnaround story to major internal restructuring and cost rationalisation, while external factors continued to remain challenging. “The hydrocarbon business of L&T booked losses for three years — FY13, FY14 and FY15 — predominantly because we had ventured into the international market in a big way for the first time and had to go