Larsen and Toubro, L&T has announced its Q2FY11 results.
The company's Q2 net profit was up 31% at Rs 765 Cr versus Rs 580.4 Cr.
Its net sales stood at Rs 9,261 Cr versus Rs 7,918.8 Cr.
Its other income was up at Rs 382 Cr versus Rs 212 Cr.
Other income is high on account of Satyam stake sale.
It’s operating margins at 10.8% versus 10.6%.
The company's trailing 12-month (TTM) EPS was at Rs 56.92 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 34.50. The latest book value of the company is Rs 301.91 per share.
At current value, the price-to-book value of the company was 6.51. The dividend yield of the company was 0.64%.
L&T Says:
- Not seeing strong order inflow from overseas (Negative)
- Sticking to FY11 sales growth target of 20% (Positive)
- Slowdown in West Asia has impacted exports (Negative)
- OPM up 20 bps at 10.8% (Positive)
- Hopeful of maintaining EPC margins in FY11 (Positive)
- Sticking to FY11 sales growth target of 20% (Positive)
- Slowdown in West Asia has impacted exports (Negative)
- OPM up 20 bps at 10.8% (Positive)
- Hopeful of maintaining EPC margins in FY11 (Positive)
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