Q1 Results Live Updates: Axis Bank Profit Up 4% But Asset Quality Sours; L&T Beat Estimates

Domestic order inflows were impacted by elections and intense heat conditions during the quarter. Infrastructure business that contributes around 66% to the total order book saw the domestic orders decline around 20% YoY, said R Shankar Raman, chief financial officer of L&T.

The company believes execution of close to Rs 5 lakh crore worth of orders, out of which 60% needs to be executed in India, will require three to four times the labour force at any point of time. "If I work with a labour force of 3 lakh people, I would require a database of 9 lakh people to replace when the churn happens," said Raman.

The company sees around Rs 9 lakh crore worth of order prospects in the coming years, out of which 60% is expected from domestic market and 40% from international businesses.

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• Total income up 23.7% at Rs 481 crore versus Rs 389 crore.

• Net profit up 27.6% at Rs 236 crore versus Rs 185 crore (Bloomberg estimate: Rs 213 crore).

• Revenue up 10.9% at Rs 1,151 crore versus Rs 1,038 crore (Bloomberg estimate: Rs 1,116 crore)

• Ebitda down 7.9% at Rs 197 crore versus Rs 214 crore (Bloomberg estimate: Rs 216 crore).

• Ebitda margin at 17.1% versus 20.6% (Bloomberg estimate: 19.3%).

• Net profit down 26.4% at Rs 60 crore versus Rs 81 crore (Bloomberg estimate: Rs 73 crore).

• Revenue up 17% at Rs 599 crore versus Rs 512 crore

• EBITDA up 3% at Rs 152 crore versus Rs 148 crore

• EBITDA margin at 25.4% vs 28.9%

• Net profit up 8% at Rs 91 crore versus Rs 84 crore

• Revenue up 6.02% at Rs 1,741 crore versus Rs 1,642 crore.

• EBIT up 15.75% at Rs 828.7 crore versus Rs 715.9 crore.

• EBIT margin at 47.59% versus 43.59%.

• Net profit up 10.17% at Rs 617 crore versus Rs 560 crore.