Larsen & Toubro Q1FY21; consolidated profit drops by ~68% yoy


Quarterly Results


Larsen & Toubro Limited announced its quarterly results on July 22, 2020. Consolidated net revenue in Q1FY21 stood at Rs21,259.97cr, which declined by 28.26% yoy from Rs29,635.95cr in Q1FY20.      

EBITDA stood at Rs1,620.47cr in Q1FY21 that decreased by 47.19% yoy. For Q1FY20, it had posted EBITDA of Rs3,068.35cr. EBITDA margin as of Q1FY21 was at 7.62% that declined by 2.73%  yoy against the same quarter, previous year.      

The consolidated net profit in Q1FY21 came in at Rs536.88cr that declined by 68.37% yoy, as compared to Q1FY20, when it had reported Rs1,697.62cr. The net profit margin in Q1FY21 came in at 2.53% that declined by 3.20% yoy. The net profit margin for Q1FY20 was at 5.73%. The profit attributable to equity shareholders in Q1FY21 is Rs303.14cr, as against Rs1,472.58cr in previous year for the same quarter. 

The shares closed at Rs920.95 with a decline of 1.8% on BSE. 








Particulars

Q1FY21
 (Rs in cr)

Q1FY20
(Rs in cr)

% VAR

Net Revenue

21,259.97

29,635.95

-28.26

Operating Profit

1,620.47

3,068.35

-47.19

Net Profit

536.88

1,697.62

-68.37

EBITDAM%

7.62

10.35

-2.73

PATM%

2.53

5.73

-3.20

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