Larsen & Toubro Limited (BOM: 500510)

Larsen & Toubro Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	2,243,753	2,080,043	1,707,658	1,445,501	1,225,755	1,316,300
Other Revenue	183,251	171,847	154,283	142,004	167,509	161,966
Revenue	2,427,004	2,251,890	1,861,940	1,587,506	1,393,264	1,478,266
Revenue Growth (YoY)	17.06%	20.94%	17.29%	13.94%	-5.75%	7.88%
Cost of Revenue	1,486,750	1,354,997	1,073,742	914,283	795,475	899,644
Gross Profit	881,811	839,744	727,934	613,697	520,879	498,204
Selling, General & Admin	593,913	564,047	491,868	409,358	331,164	311,171
Other Operating Expenses	-84.4	-84.4	-144.6	-201.4	-193.5	-199.4
Operating Expenses	633,390	600,709	525,565	438,536	359,103	335,410
Operating Income	248,421	239,035	202,369	175,161	161,776	162,794
Interest Expense	-35,669	-35,365	-31,777	-30,554	-39,045	-27,233
Earnings From Equity Investments	-14.4	-226.2	-942.5	1,282	144	719.6
Currency Exchange Gain (Loss)	-93.4	-93.4	-290.9	-644.7	-46.3	-606.9
Other Non Operating Income (Expenses)	-	-	-3.9	-58.1	-42.7	-127.1
EBT Excluding Unusual Items	212,645	203,350	169,355	145,186	122,786	135,547
Impairment of Goodwill	-	-	-	-	-18.2	-
Gain (Loss) on Sale of Assets	735.1	735.1	613.7	176	626.1	-332.8
Asset Writedown	-76.3	-76.3	-1,181	-99.2	-891.4	-184.6
Pretax Income	213,304	204,009	168,788	145,262	122,502	135,029
Income Tax Expense	52,744	49,474	44,842	42,039	40,108	32,632
Earnings From Continuing Operations	160,559	154,535	123,946	103,223	82,394	102,397
Earnings From Discontinued Operations	-	-	-	-	82,379	6,546
Net Income to Company	161,495	155,471	125,306	104,192	129,213	108,943
Minority Interest in Earnings	-26,250	-24,880	-20,599	-17,499	-13,384	-13,453
Net Income	135,245	130,591	104,707	86,693	115,829	95,490
Net Income to Common	135,245	130,591	104,707	86,693	115,829	95,490
Net Income Growth	10.36%	24.72%	20.78%	-25.15%	21.30%	7.23%
Shares Outstanding (Basic)	1,375	1,390	1,405	1,405	1,404	1,403
Shares Outstanding (Diluted)	1,376	1,391	1,406	1,406	1,406	1,405
Shares Change (YoY)	-2.15%	-1.09%	0.01%	0.05%	0.02%	0.05%
EPS (Basic)	98.38	93.96	74.51	61.71	82.49	68.04
EPS (Diluted)	98.29	93.88	74.45	61.65	82.41	67.95
EPS Growth	12.78%	26.10%	20.76%	-25.19%	21.28%	7.17%
Free Cash Flow	97,441	137,498	186,332	160,530	212,643	31,056
Free Cash Flow Per Share	70.81	98.84	132.48	114.15	151.29	22.10
Dividend Per Share	28.000	28.000	24.000	22.000	18.000	18.000
Dividend Growth	-	16.67%	9.09%	22.22%	0%	0%
Gross Margin	36.33%	37.29%	39.10%	38.66%	37.39%	33.70%
Operating Margin	10.24%	10.61%	10.87%	11.03%	11.61%	11.01%
Profit Margin	5.57%	5.80%	5.62%	5.46%	8.31%	6.46%
Free Cash Flow Margin	4.01%	6.11%	10.01%	10.11%	15.26%	2.10%
EBITDA	282,902	270,701	231,496	199,981	185,332	183,699
EBITDA Margin	11.66%	12.02%	12.43%	12.60%	13.30%	12.43%
D&A For EBITDA	34,480	31,666	29,127	24,820	23,556	20,906
EBIT	248,421	239,035	202,369	175,161	161,776	162,794
EBIT Margin	10.24%	10.61%	10.87%	11.03%	11.61%	11.01%
Effective Tax Rate	24.73%	24.25%	26.57%	28.94%	32.74%	24.17%
Revenue as Reported	2,427,823	2,252,709	1,862,699	1,587,883	1,394,084	1,478,133
Advertising Expenses	-	3,455	3,048	1,699	1,013	2,069

Source: S&P Capital IQ. Standard template. Financial Sources.