L&T India-Financials (2024)

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Financials

Financial data and statements including 10 Year Trends and 10 Year Key Financials.

For quarterly results click here.

Financial Statements

Consolidated
Standalone

Balance Sheet
Income Statement
Quarterly Results

Balance Sheet as at

(Rs. In Cr.)

PARTICULARS	31-Mar-2023	31-Mar-2022	31-Mar-2021	31-Mar-2020	31-Mar-2019
ASSETS:
Non-current assets
Property, plant and equipment	11336.28	10577.98	11386.29	10103.79	10889.56
Capital work-in-progress	2949.09	1170.32	388.37	3224.91	2483.56
Investment property	3360.22	3962.98	3646.78	3714.72	4254.56
Goodwill	7798.65	7685.17	8066.96	8011.40	1826.91
Other intangible assets	18007.98	18729.37	19197.76	19596.98	4222.91
Intangible assets under development	116.48	79.23	112.02	86.18	11435.93
Right-of-use assets	2137.87	1989.51	2021.53	2226.49	-

Financial assets
Investments in joint ventures and associates	1304.86	2521.16	2670.26	2851.01	2642.29
Other investments	7920.03	7074.44	5945.14	4496.72	4318.64
Loans towards financing activities	40920.92	46736.84	52631.67	58589.36	57788.88
Other loans	356.00	284.54	173.24	1522.33	1481.08
Other financial assets	1965.78	2134.90	1420.19	638.15	1144.05
Deferred tax assets (net)	3984.79	2840.10	2697.00	3846.58	3418.93
Current tax receivables (net)	3611.66	3307.65	3262.10	4144.07	3490.92
Other non-current assets	2377.38	2769.97	2687.57	2397.55	2157.70
Sub-total - Non-current assets	108147.99	111864.16	116306.88	125450.24	111555.92

Current assets
Inventories	6828.78	5943.32	5820.54	5746.65	6413.93
Financial assets
Investments	35573.42	29799.58	31011.23	12699.75	13946.17
Trade receivables	44731.53	46139.32	42229.78	40731.52	36845.87
Cash and cash equivalents	16926.69	13770.24	13373.52	11324.57	6509.49
Other bank balances	5592.91	5182.93	2867.98	3793.21	5216.75
Loans towards financing activities	40460.55	42269.20	41379.03	41723.42	42530.82
Other loans	251.15	280.34	235.35	716.00	626.69
Other financial assets	4930.10	3655.82	3251.68	2927.87	2551.25
Other current assets	65920.39	60331.55	54791.48	58659.69	52143.06
Sub-total - Current assets	221215.52	207372.30	194960.59	178322.68	166784.03

Group(s) of assets classified as held for sale	988.80	830.78	6.24	4367.21	7.41

TOTAL ASSETS	330352.31	320067.24	311273.71	308140.13	278347.36


EQUITY AND LIABILITIES:
Equity
Equity share capital	281.10	281.01	280.91	280.78	280.55
Other equity	89044.85	82126.65	75587.62	66442.44	62094.25
Equity attributable to owners of the Company	89325.95	82407.66	75868.53	66723.22	62374.80
Non-controlling interests	14241.27	12966.07	12051.53	9520.83	6826.11
TOTAL EQUITY	103567.22	95373.73	87920.06	76244.05	69200.91

Liabilities
Non-current liabilities
Financial liabilities
Borrowings	61217.68	61618.31	82120.04	82331.33	74120.79
Lease liability	1646.31	1633.31	1617.72	1741.60	-
Other financial liabilities	272.96	122.94	186.74	901.14	354.83
Provisions	869.99	817.77	773.78	708.67	556.84
Deferred tax liabilities (net)	630.43	1039.33	1178.66	1453.04	311.13
Other non-current liabilities	81.73	21.27	68.70	31.09	0.55
Sub-total - Non-current liabilities	64719.10	65252.93	85945.64	87166.87	75344.14
Current liabilities
Financial liabilities
Borrowings	30896.32	30476.96	27765.83	35021.02	29223.84
Current maturities of long-term borrowings	26399.38	31372.96	22719.39	23654.77	22210.54
Lease liability	490.75	406.54	406.10	424.95	-
Trade payables:
Due to micro enterprises and small enterprises	851.70	575.91	488.99	479.51	261.12
Due to others	48932.42	50789.71	45256.24	43164.42	42733.69
Other financial liabilities	7441.94	6664.35	5328.93	4923.23	4622.78
Other current liabilities	42166.55	34408.74	31269.63	30816.67	31166.55
Provisions	3493.47	3355.86	2998.68	2750.85	2443.43
Current tax liabilities (net)	1393.46	1309.82	1171.02	1509.62	1137.16
Sub-total - Current liabilities	162065.99	159360.85	137404.81	142745.04	133799.11

Liabilities associated with group(s) of assets classified as held for sale	-	79.73	3.20	1984.17	3.20

TOTAL LIABILITIES	226785.09	224693.51	223353.65	231896.08	209146.45

TOTAL EQUITY AND LIABILITIES	330352.31	320067.24	311273.71	308140.13	278347.36

Statement of Profit and Loss for the year ended

(Rs. In Cr.)

PARTICULARS	2022-23	2021-22	2020-21	2019-20	2018-19
Continuing operations
INCOME:
Revenue from operations	183340.70	156521.23	135979.03	145452.36	135220.29
Other income (net)	2929.17	2267.08	3429.35	2360.90	1836.53
Total Income	186269.87	158788.31	139408.38	147813.26	137056.82

EXPENSES:
Manufacturing, construction and operating expenses:
Cost of raw materials, components consumed	18995.11	17100.84	15562.05	15548.66	14771.56
Construction materials consumed	43237.35	33506.21	24558.23	30316.12	31230.44
Purchase of stock-in-trade	1052.86	1069.50	1213.58	841.09	887.87
Stores, spares and tools consumed	4814.89	3091.07	2032.89	2184.46	2812.31
Sub-contracting charges	25624.45	24772.33	22316.18	26454.05	26011.91
Changes in inventories of finished goods, work-in-progress, stock-in-trade and property development	(3156.64)	(2076.60)	343.37	647.70	(731.11)
Other manufacturing, construction and operating expenses	20020.81	16471.05	12983.56	13328.71	13264.43
Finance cost of financial services business and finance lease activity	6026.44	5952.54	7691.04	8041.88	7385.63
Employee benefits expense	37214.11	29695.79	24750.54	23114.00	17466.40
Sales, administration and other expenses	8758.04	8733.89	8903.49	8646.71	6791.21
Finance costs	3207.16	3125.70	3913.44	2796.66	1802.55
Depreciation, amortisation, impairment and obsolescence	3502.25	2947.95	2904.21	2462.27	1923.03
Total Expenses	169296.83	144390.27	127172.58	134382.31	123616.23

Profit before exceptional items and tax from continuing operations	16973.04	14398.04	12235.80	13430.95	13440.59
Exceptional items before tax (net) [gain/(loss)]	(91.97)	119.70	(3693.78)	-	294.75
Tax expense on exceptional items:
Current tax	448.35	22.77	48.44	-	-
Deferred tax	(676.31)	-	(186.20)	-	-
Total tax expenses on exceptional item	(227.96)	22.77	(137.76)	-	-
Exceptional items (net of tax)	135.99	96.93	(3556.02)		294.75
Profit before tax from continuing operations	17109.03	14494.97	8679.78	13430.95	13735.34
Tax expense:
Current tax	5055.17	4499.40	3923.39	3564.58	4402.95
Deferred tax	(571.01)	(295.48)	87.43	(301.38)	(335.86)
Total tax expenses	4484.16	4203.92	4010.82	3263.20	4067.09
Net profit after tax from continuing operations	12624.87	10291.05	4668.96	10167.75	9668.25
Share in profit/(loss) after tax of joint ventures/associates (net)	(94.25)	128.19	14.40	71.96	(21.00)
Net profit for the year from continuing operations	12530.62	10419.24	4683.36	10239.71	9647.25
Discontinued operations
Profit before tax from discontinued operations	-	-	10790.5	883.25	845.57
Tax expense of discontinued operations	-	-	2552.58	228.68	276.24
Net profit after tax from discontinued operations	-	-	8237.92	654.57	569.33
Net profit after tax from continuing and discontinued operations	12530.62	10419.24	12921.28	10894.28	10216.58

Profit for the year attributable to:
Owners of the Company	10470.72	8669.33	11582.93	9549.03	8905.13
Non-controlling interests	2059.90	1749.91	1338.35	1345.25	1311.45
	12530.62	10419.24	12921.28	10894.28	10216.58
Earnings per share (EPS) of Rs 2 each from continuing and discontinued operations
Basic earnings per equity share (Rs)	74.51	61.71	82.49	68.04	63.51
Diluted earnings per equity share (Rs)	74.45	61.65	82.41	67.95	63.40
Face value per equity share (Rs)	2.00	2.00	2.00	2.00	2.00

Quarterly Results for the quarter ended

(Rs. In Cr.)

PARTICULARS	31-DEC-2023	30-Sep-2023	30-Jun-2023	31-Mar-2023	31-Dec-2022
INCOME:
Revenue from operations	55127.82	51024.04	47882.37	58335.15	46389.72
Other income (net)	837.75	1132.98	1145.56	740.91	755.03
Total Income	55965.57	52157.02	49027.93	59076.06	47144.75

EXPENSES:
Manufacturing, construction and operating expenses:
Cost of raw materials, components consumed	4835.59	4429.90	4629.32	6018.27	4660.31
Construction materials consumed	12922.28	11717.48	10988.13	15472.91	10413.68
Purchase of stock-in-trade	285.15	338.50	325.37	175.45	374.50
Stores, spares and tools consumed	1140.69	1016.59	1168.42	1358.52	1322.14
Sub-contracting charges	9101.32	7757.49	7349.90	9118.55	6483.49
Changes in inventories of finished goods, work-in-progress, stock-in-trade and property development	(2.08)	373.75	(407.88)	66.37	(694.92)
Other manufacturing, construction and operating expenses	6946.46	5430.62	5262.42	5755.83	5247.95
Finance cost of financial services business and finance lease activity	1439.65	1408.48	1447.72	1521.29	1580.43
Employee benefits expense	10253.27	10298.89	9889.36	9981.09	9532.50
Sales, administration and other expenses	2446.49	2620.35	2360.97	2033.92	2396.60
Finance costs	904.17	864.01	851.36	813.00	802.45
Depreciation, amortisation, impairment and obsolescence	920.75	909.89	830.47	853.50	825.18
Total Expenses	51193.74	47165.95	44695.56	53168.70	42944.31
Profit before exceptional items and tax	4771.83	4991.07	4332.37	5907.36	4200.44
Exceptional items before tax (net) [gain/(loss)]					(91.97)
Tax expense on exceptional items:
Current tax					448.35
Deferred tax					(676.31)
Total tax expenses on exceptional item	-	-	-	-	(227.96)
Exceptional items (net of tax)	-	-	-	-	135.99
Profit before tax	4771.83	4991.07	4332.37	5907.36	4336.43
Tax expense:
Current tax	1190.58	1086.52	1251.08	1129.75	1740.12
Deferred tax	(13.26)	49.00	(34.83)	330.87	(469.62)
Total tax expenses	1177.32	1135.52	1216.25	1460.62	1270.50
Net profit after tax	3594.51	3855.55	3116.12	4446.74	3065.93
Share in profit/(loss) after tax of joint ventures/associates (net)	(1.67)	(10.05)	(20.53)	11.84	(7.47)
Net profit after tax and share in profit/(loss) of joint ventures/associates	3592.84	3845.50	3095.59	4458.58	3058.46
Attributable to:
Owners of the Company	2947.36	3222.63	2493.00	3986.78	2552.92
Non-controlling interests	645.48	622.87	602.59	471.80	505.54
	3592.84	3845.50	3095.59	4458.58	3058.46
Earnings per share (EPS) of Rs 2 each
Basic earnings per equity share (Rs)	21.44	22.94	17.74	28.37	18.17
Diluted earnings per equity share (Rs)	21.42	22.92	17.73	28.35	18.15
Face value per equity share (Rs)	2.00	2.00	2.00	2.00	2.00

Balance Sheet
Income Statement
Quarterly Results

Balance Sheet as at

(Rs. In Cr.)

PARTICULARS	31-Mar-2023	31-Mar-2022	31-Mar-2021	31-Mar-2020	31-Mar-2019
ASSETS:
Non-current assets
Property, plant and equipment	8570.70	7908.37	8198.54	6853.43	7982.02
Capital work-in-progress	1938.38	571.50	238.71	796.55	567.31
Investment property	568.57	589.64	408.36	490.40	381.26
Goodwill	47.29	47.29	47.29	-	-
Other intangible assets	146.81	147.29	70.83	83.72	228.72
Intangible assets under development	16.39	11.26	48.01	0.66	171.69
Right-of-use assets	422.59	420.59	440.07	412.82

Financial assets
Investments	27036.97	27049.50	27180.62	27975.28	18197.30
Loans	3306.81	4084.58	2853.52	3507.00	1279.76
Other financial assets	407.22	523.80	531.78	304.48	577.00
Deferred tax assets (net)	1539.14	1140.30	754.27	1428.20	841.86
Current tax receivables (net)	2290.16	2079.73	2059.17	2072.84	1716.47
Other non-current assets	1592.87	1910.57	1839.12	1996.10	1657.17
Sub-total - Non-current assets	47883.90	46484.42	44670.29	45921.48	33600.56

Current assets
Inventories	3428.56	3132.51	2877.57	2769.90	3349.24
Financial assets
Investments	20224.29	18478.22	22232.95	6059.15	4706.85
Trade receivables	33152.58	36347.35	33331.60	27912.96	28212.55
Cash and cash equivalents	3802.49	5718.23	3524.95	3262.83	2733.45
Other bank balances	767.15	780.28	650.59	675.56	4886.52
loans	168.29	249.60	257.87	515.14	1305.94
Other financial assets	3527.90	2182.44	2513.99	1997.59	1955.40
Other current assets	57128.31	55129.23	49855.81	49661.61	43867.50
Sub-total - Current assets	122199.57	122017.86	115245.34	92854.75	91017.46

Group(s) of assets classified as held for sale	2341.02	-	-	2780.37	41.72

TOTAL ASSETS	172424.49	168502.28	159915.62	141556.59	124659.73


EQUITY AND LIABILITIES:
Equity
Equity share capital	281.10	281.01	280.91	280.78	280.55
Other equity	71246.85	66833.04	61456.91	51894.57	49767.87
TOTAL EQUITY	71527.95	67114.05	61737.82	52175.35	50048.42

Liabilities
Non-current liabilities
Financial liabilities
Borrowings	9390.85	12968.41	16646.73	7185.71	3772.07
Lease liability	50.12	53.98	76.24	24.18	-
Other financial liabilities	108.41	145.25	94.25	179.62	81.69
Provisions	636.97	645.27	655.90	611.23	497.62
Other non-current liabilities	7.05	7.84	-	0.22	0.58
Sub-total - Non-current liabilities	10193.40	13820.75	17473.12	8000.96	4351.96
Current liabilities
Financial liabilities
Borrowings	3179.36	2097.39	6827.90	15044.11	4086.16
Current maturities of long-term borrowings	5580.88	5232.49	999.56	3555.48	4131.46
Lease liability	137.32	124.44	114.03	132.27	-
Trade payables:
Due to micro enterprises and small enterprises	751.71	473.67	448.30	379.88	201.96
Due to others	41028.66	44911.67	40321.48	36249.51	36023.07
Other financial liabilities	4117.92	3317.63	2451.53	1709.09	1931.73
Other current liabilities	32277.37	28888.84	27474.76	20758.05	22080.45
Provisions	1832.37	1861.48	1650.38	1555.39	1483.61
Current tax liabilities (net)	799.07	659.87	416.74	628.92	320.91
Sub-total - Current liabilities	89704.66	87567.48	80704.68	80012.70	70259.35

Liabilities associated with group(s) of assets classified as held for sale	998.48	-	-	1367.58	-

TOTAL LIABILITIES	100896.54	101388.23	98177.80	89381.24	74611.31

TOTAL EQUITY AND LIABILITIES	172424.49	168502.28	159915.62	141556.59	124659.73

Statement of Profit and Loss for the year ended

(Rs. In Cr.)

PARTICULARS	2022-23	2021-22	2020-21	2019-20	2018-19
Continuing operations
INCOME:
Revenue from operations	110500.98	101000.41	87255.48	82383.65	82287.42
Other income (net)	4034.95	3612.65	3360.29	2807.87	2711.19
Total Income	114535.93	104613.06	90615.77	85191.52	84998.61

EXPENSES:
Manufacturing, construction and operating expenses:
Cost of raw materials, components consumed	13163.05	12590.86	12293.75	5486.99	5712.54
Construction materials consumed	38098.69	31445.49	22869.85	28632.03	29482.65
Purchase of stock-in-trade	1076.29	1070.62	1226.68	855.63	906.49
Stores, spares and tools consumed	4260.17	2718.52	1701.07	1520.47	2312.83
Sub-contracting charges	24353.62	25166.38	21993.33	22488.74	21647.74
Changes in inventories of finished goods, work-in-progress, stock-in-trade and property development	(2930.73)	(1944.37)	362.10	(64.01)	(1126.17)
Other manufacturing, construction and operating expenses	12373.24	10517.85	9183.68	7962.36	7917.78
Employee benefits expense	8298.22	7396.88	6398.20	5955.98	5732.60
Sales, administration and other expenses	2513.81	2982.68	2917.34	2707.34	2047.87
Finance costs	2125.23	1754.24	2381.71	2266.56	1787.62
Depreciation, amortisation, impairment and obsolescence	1371.64	1172.50	1150.68	1020.51	999.55
Total Expenses	104703.23	94871.65	82478.39	78832.60	77421.50

Profit before exceptional items and tax from continuing operations	9832.70	9741.41	8137.38	6358.92	7577.11
Exceptional items before tax (net) [gain/(loss)]	-	290.06	(2818.65)	626.99	1642.35
Tax expense on exceptional items:
Current tax	-	22.77	-	-	-
Deferred tax	-	-	-	16.68	-
Total tax expenses on exceptional item	-	22.77	-	16.68	-
Exceptional items (net of tax)	-	267.29	(2818.65)	610.31	1642.35
Profit before tax from continuing operations	9832.70	10008.70	5318.73	6969.23	9219.46
Tax expense:
Current tax	2334.76	2405.17	1847.72	1508.92	2409.73
Deferred tax	(351.03)	(275.92)	323.70	(564.45)	(138.60)
Total tax expenses	1983.73	2129.25	2171.42	944.47	2271.13
Net profit after tax from continuing operations	7848.97	7879.45	3147.31	6024.76	6948.33
Discontinued operations
Profit before tax from discontinued operations	-	-	11199.23	865.38	812.40
Tax expense of discontinued operations	-	-	2548.75	210.93	269.34
Net profit after tax from discontinued operations	-	-	8650.48	654.45	543.06
Net profit after tax from continuing and discontinued operations	7848.97	7879.45	11797.79	6679.21	7491.39

Earnings per share (EPS) of Rs 2 each from continuing and discontinued operations
Basic earnings per equity share (Rs)	55.85	56.09	84.02	47.59	53.43
Diluted earnings per equity share (Rs)	55.81	56.03	83.93	47.53	53.34
Face value per equity share (Rs)	2.00	2.00	2.00	2.00	2.00

Quarterly Results for the quarter ended

(Rs. In Cr.)

PARTICULARS	31-DEC-2023	30-Sep-2023	30-Jun-2023	31-Mar-2023	31-Dec-2022
INCOME:
Revenue from operations	31600.92	28151.12	26930.54	36734.13	27785.41
Other income (net)	1225.60	2236.28	858.23	1079.92	832.96
Total Income	32826.52	30387.40	27788.77	37814.05	28618.37

EXPENSES:
Manufacturing, construction and operating expenses:
Cost of raw materials, components consumed	2858.60	2596.81	2862.26	4145.27	3259.74
Construction materials consumed	10684.57	9182.90	8769.43	12784.65	9138.52
Purchase of stock-in-trade	292.56	347.22	316.50	184.97	391.39
Stores, spares and tools consumed	896.01	848.65	988.70	1201.16	1158.61
Sub-contracting charges	8067.17	6821.76	6769.79	8236.13	6274.95
Changes in inventories of finished goods, work-in-progress, stock-in-trade and property development	175.39	182.17	(733.75)	11.25	(580.75)
Other manufacturing, construction and operating expenses	3194.21	3201.41	3167.89	3772.93	3103.84
Employee benefits expense	2205.46	2173.73	2098.76	2247.20	2014.80
Sales, administration and other expenses	767.90	875.84	817.55	626.37	707.46
Finance costs	629.84	584.18	547.35	534.01	508.11
Depreciation, amortisation, impairment and obsolescence	438.45	415.56	378.56	357.24	334.76
Total Expenses	30210.16	27230.23	25983.04	34101.18	26311.43

Profit before exceptional items and tax	2616.36	3157.17	1805.73	3712.87	2306.94
Exceptional items before tax (net) [gain/(loss)]	-		515.62
Tax expense on exceptional items:
Current tax
Deferred tax	-		117.65
Total tax expenses on exceptional item	-	117.65	-	-	-
Exceptional items (net of tax)	-	397.97	-	-	-
Profit before tax	2616.36	3157.17	2203.70	3712.87	2306.94
Tax expense:
Current tax	478.26	471.20	464.06	904.88	571.09
Deferred tax	1.92	(23.75)	(52.72)	(194.86)	(89.59)
Total tax expenses	480.18	447.45	411.34	710.02	481.50
Net profit after tax	2136.18	2709.72	1792.36	3002.85	1825.44
Earnings per share (EPS) of Rs 2 each
Basic earnings per equity share (Rs)	15.54	19.29	12.75	21.37	12.99
Diluted earnings per equity share (Rs)	15.53	19.28	12.74	21.35	12.98
Face value per equity share (Rs)	2.00	2.00	2.00	2.00	2.00

10 Years Trends

10 Year Key Financials

Consolidated
Standalone

(Rs. In Cr.)

	Ind AS								IGAAP
DESCRIPTION	2022-23	2021-22	2020-21	2019-20	2018-19	2017-18	2016-17	2015-16	2014-15	2013-14
Statement of Profit and Loss
Gross revenue from operations [1]	183341	156521	135979	145452	135220	119862	110011	101975	92762	85889
PBDIT[1][2]	20753	18205	15624	16329	15330	13641	11130	10463	11258	10730
Profit attributable to Group shareholders (excluding extraordinary/ exceptional items) [3]	10374	8572	6965	8894	8144	7151	5920	4154	4470	4547
Profit attributable to Group shareholders (including extraordinary / exceptional items)	10471	8669	11583	9549	8905	7370	6041	4233	4765	4902
Balance Sheet
Net worth	89326	82408	75869	66723	62375	54904	50217	44180	40909	37712
Non-controlling interest	14241	12966	12052	9521	6826	5201	3564	2893	4999	3179
Loan funds	118513	123468	132605	141007	125555	107524	93954	88135	90571	80330
Capital employed	222080	218842	220525	217251	194756	167629	147735	135208	136479	121221
Ratios and statistics
PBDIT as % of net revenue from operations [4][1]	11.32	11.63	11.49	11.23	11.34	11.40	10.18	10.35	12.24	12.60
PAT as % of net revenue from operations [5][1]	5.71	5.54	8.52	6.57	6.59	6.16	5.53	4.19	5.18	5.76
RONW % [6]	12.19	10.95	16.25	14.80	15.35	14.12	12.80	9.91	12.13	13.71
Gross Debt: Equity ratio	1.14:1	1.29:1	1.51:1	1.85:1	1.81:1	1.79:1	1.75:1	1.87:1	2.21:1	2.13:1
Basic earnings per equity share (Rs.) [7]	74.51	61.71	82.49	68.04	63.51	52.62	43.20	30.32	34.22	35.31
Book value per equity share (Rs.) [8]	635.55	586.52	540.16	475.27	444.67	391.78	358.83	316.20	293.29	271.10
Dividend per equity share (Rs.) [8] [9]	24.00	22.00	36.00	18.00	18.00	16.00	14.00	12.17	10.83	9.50

Figures for 2015-16 to 2022-23 are as per Ind AS and for earlier periods as per IGAAP and hence not directly comparable.

[1] From Continuing Operations in 2020-21, 2019-20 and 2018-19

[2[ Profit before depreciation, interest and tax [PBDIT] is excluding extraordinary/exceptional items wherever applicable and other income.

[3] Profit from discontinued operations in the year 2020-21, 2019-20 and 2018-19 has been considered as exceptional item.

[4] PBDIT as % of net revenue from operations =[PBDIT/(gross revenue from operations less excise duty upto June 30, 2017)].

[5] Profit after tax (PAT) as % of net revenue from operations = [PAT including extraordinary/exceptional items/gross revenue from operations less excise duty upto June 30, 2017].

[6] RONW = [(PAT including extraordinary/exceptional items)/(average net worth excluding revaluation reserve)].

[7] Basic earnings per equity share has been calculated including extraordinary/exceptional items and adjusted for all the years for issue of bonus shares.

[8] After considering adjustment for issue of bonus shares during respective years.

[9] Dividend for the year 2020-21 includes special dividend of Rs. 18.00 per share and final dividend of Rs. 18.00 per share

	IndAS [11]								IGAAP [11]
DESCRIPTION	2022-23	2021-22	2020-21	2019-20	2018-19	2017-18	2016-17	2015-16	2014-15	2013-14
		[8]		[9]
Statement of Profit and Loss
Gross revenue from operations [1]	110501	101000	87255	82384	82287	74612	66301	63813	57558	57164
PBDIT[1][2]	9295	9055	8309	6838	7653	7701	6481	5829	6488	6667
Profit after tax (excluding exceptional items) [12]	7849	7612	5966	5414	5466	4861	4560	4454	4699	4905
Profit after tax (including exceptional items)	7849	7879	11798	6679	7491	5387	5454	5000	5056	5493
Balance Sheet
Net worth	71528	67114	61738	52175	50048	49174	46013	42135	37085	33662
Loan funds	18151	20298	24474	25785	11990	10561	10558	13924	12936	11459
Capital employed	89679	87412	86212	77960	62038	59735	56571	56059	50021	45121
Ratios and statistics
PBDIT as % of net revenue from operations [1][3]	8.41	8.97	9.52	8.30	9.30	10.34	9.86	9.23	11.38	11.78
PAT as % of net revenue from operations [1][4]	7.10	7.80	13.52	8.11	9.10	7.23	8.30	7.91	8.87	9.71
RONW % [5]	11.32	12.23	20.54	13.07	15.74	11.32	12.37	12.39	14.30	17.46
Gross Debt: Equity ratio	0.25:1	0.30:1	0.40:1	0.49:1	0.24:1	0.21:1	0.23:1	0.33:1	0.35:1	0.34:1
Basic earnings per equity share (Rs.) [6]	55.85	56.09	84.02	47.59	53.43	38.46	39.00	35.81	36.31	39.57
Book value per equity share (Rs.) [7]	508.92	477.67	439.55	371.65	356.79	350.90	328.79	301.57	265.85	241.97
Dividend per equity share (Rs.) [7][10]	24.00	22.00	36.00	18.00	18.00	16.00	14.00	12.17	10.83	9.50
No. of equity shareholders	1,425,064	1,492,124	1,371,535	1,251,569	10,21,275	8,99,902	9,23,628	10,28,541	8,53,824	832,831
No. of employees	55,202	50,267	49,107	45,467	45,205	42,924	41,466	43,354	44,081	54,579

[1] For Continuing Operations from 2018-19

[2] Profit before depreciation, interest and tax (PBDIT) is excluding exceptional items wherever applicable and other income.

[3] PBDIT as % of net revenue from operations =[(PBDIT)/(gross revenue from operations less excise duty up to June 30, 2017)].

[4] Profit After Tax (PAT) as % of net revenue from operations =[(PAT including exceptional items)/(gross revenue from operations less excise duty up to June 30, 2017)].

[5] RONW [(PAT including exceptional items)/(average net worth excluding revaluation reserve)].

[6] Basic earnings per equity share has been calculated including exceptional items and adjusted for all the years for issue of bonus shares.

[7] After considering adjustments for issue of bonus shares during the respective years.

[8] Figures from 2020-21 include the impact of the merger of L&T Hydrocarbon with the Company.

[9] Figures from 2018-19 include the impact of the merger of L&T Shipbuilding Limited with the Company.

[10] Dividend for 2020-21 includes special dividend of Rs. 18.00 per share and final dividend of Rs. 18 per share.

[11] Figures from 2015-16 are as per Ind AS and for earlier periods as per IGAAP and hence not directly comparable.

[12] Profit from discontinued operations in the year 2020-21, 2019-20 and 2018-19 has been considered as exceptional item.

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