LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Results in-line, CLSA says on L&T Q3; shares gain

A CLSA report stated that L&T's profit after tax (PAT) was in-line but was much better in quality. "Also, the company's margin was so good that even after provisions of Rs 370 crore it delivered PAT growth of 39% YoY. Inflow (-8%) and execution (+1.4%) were disappointing," CLSA said. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Results in-line, CLSA says on L&T Q3; shares gain
L&T registered net profit of Rs 1238.62 crore, a rise of 14.42% compared to Rs 1082.47 crore in the corresponding period of the previous year. Photo: Official Website
Written By: ZeeBiz WebTeam
Updated: Mon, Jan 30, 2017
12:14 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
L&T Technology Services share price: Sharekhan maintains Buy rating with a price target of Rs 3100 L&T Technology Services share price: Sharekhan maintains Buy rating with a price target of Rs 3100
Larsen & Toubro - Strong beneficiary of a capex pickup; reiterating a Buy with target price of Rs 1763 Larsen & Toubro - Strong beneficiary of a capex pickup; reiterating a Buy with target price of Rs 1763
Larsen and Toubro share price today: Sharekhan maintains Buy rating with price target of Rs 1795 Larsen and Toubro share price today: Sharekhan maintains Buy rating with price target of Rs 1795
Larsen & Toubro wins significant contracts Larsen & Toubro wins significant contracts

Larsen & Toubro (L&T) shares gained on Monday after the company reported 14% year-on-year (yoy) growth in net profit for the third quarter ended December 31, 2016.

On January 28, 2017, L&T registered net profit of Rs 1238.62 crore, a rise of 14.42% compared to Rs 1082.47 crore in the corresponding period of the previous year.

At 10.44 am, the shares of L&T were trading at Rs 1447 per share, up Rs 7.35 or 0.51%.

A CLSA report stated that L&T's profit after tax (PAT) was in-line but was much better in quality.

"Also, the company's margin was so good that even after provisions of Rs 370 crore it delivered PAT growth of 39% YoY. Inflow (-8%) and execution (+1.4%) were disappointing," CLSA said. 

The report added, "L&T’s cleaning up of its backlog in 2Q and 8% decline in 3Q inflow led to a slowed order book (+1.4% YoY). On the call, management said it has lowest bids plus likely pipeline wins of $10 billion but the government decisions are taking time."
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Larsen & ToubroLarsen and Toubro stocksLarsen and Toubro Q3 resultMarketsBSESharesCLSAQ3FY17financial performanceInfrastructure
RELATED NEWS
L&T Technology Services share price: Sharekhan maintains Buy rating with a price target of Rs 3100 L&T Technology Services share price: Sharekhan maintains Buy rating with a price target of Rs 3100
Larsen & Toubro - Strong beneficiary of a capex pickup; reiterating a Buy with target price of Rs 1763 Larsen & Toubro - Strong beneficiary of a capex pickup; reiterating a Buy with target price of Rs 1763
Larsen and Toubro share price today: Sharekhan maintains Buy rating with price target of Rs 1795 Larsen and Toubro share price today: Sharekhan maintains Buy rating with price target of Rs 1795
Larsen & Toubro wins significant contracts Larsen & Toubro wins significant contracts
Larsen and Toubro Q2 Result First Cut: No positive surprises anywhere; Rs 18 special dividend announced Larsen and Toubro Q2 Result First Cut: No positive surprises anywhere; Rs 18 special dividend announced

LATEST NEWS

NEET PG 2021 exam: After CBSE, NEET aspirants want exam to be postponed; decision on ICSE Class 10, Class 12 exams likely soon

CBSE class 10 promotion criteria, class 12 board exam dates and will ICSE Class 10, 12 exams be postponed?—All you need to know

Garena Free Fire Redeem Codes: Check how to get rewards like Diamond Royale, Weapon Royale vouchers and more

Gold Price Today 15-04-2021 at Rs 49,000; great money-making strategy revealed

Stocks in Focus on April 15: Infosys, Tata Metaliks, NFL, AB Capital to Bharti Airtel; here are the 5 Newsmakers of the Day

Apple iPhone 13 Mini: BIG change in 'LAST Mini'? New leaks show notch and more - Check all details here

BEWARE! Rs 5500 traffic challan from today! Do not violate THIS rule or cops will slap penalty; know what is HSRP

Anganwadi recruitment 2021: Sarkari Naukri alert! Last date to apply for over 50,000 govt jobs ends tomorrow; Class 5th to 12th pass can apply too

Bharti Airtel Share Price – How will the new corporate structure impact company stock? Zee Business has this EXCLUSIVE report

ICSE Class 10, Class 12 exam 2021: After CBSE cancels Class 10 exam, CISCE to soon take decision on ICSE board exams 2021

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved