Larsen & Toubro Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	2,814,082	2,685,909	2,405,405	2,080,043	1,707,658	1,445,501
Other Revenue	271,810	230,271	192,658	171,847	154,283	142,004
Revenue	3,085,892	2,916,180	2,598,063	2,251,890	1,861,940	1,587,506
Revenue Growth	12.01%	12.24%	15.37%	20.94%	17.29%	13.94%
Cost of Revenue	1,871,491	1,769,970	1,584,940	1,354,997	1,073,742	914,283
Gross Profit	1,138,564	1,076,257	950,101	839,744	727,934	613,697
Selling, General & Admin	771,826	727,309	645,035	564,047	491,868	409,358
Other Operating Expenses	-50	-50	-77.1	-84.4	-144.6	-201.4
Operating Expenses	814,665	770,706	685,940	600,709	525,565	438,536
Operating Income	323,900	305,551	264,161	239,035	202,369	175,161
Interest Expense	-23,141	-28,469	-33,308	-35,365	-31,777	-30,554
Earnings From Equity Investments	-1,499	-2,055	-140.6	-226.2	-942.5	1,282
Currency Exchange Gain (Loss)	-19	-19	-35.3	-93.4	-290.9	-644.7
Other Non Operating Income (Expenses)	-	-	-	-	-3.9	-58.1
EBT Excluding Unusual Items	299,241	275,008	230,677	203,350	169,355	145,186
Gain (Loss) on Sale of Assets	120.1	120.1	452.5	735.1	613.7	176
Asset Writedown	-200.3	-200.3	-229.6	-76.3	-1,181	-99.2
Pretax Income	299,161	274,927	230,900	204,009	168,788	145,262
Income Tax Expense	72,988	68,164	58,914	49,474	44,842	42,039
Earnings From Continuing Operations	226,173	206,763	171,986	154,535	123,946	103,223
Net Income to Company	208,949	189,539	176,733	155,471	125,306	104,192
Minority Interest in Earnings	-30,292	-28,699	-26,362	-24,880	-20,599	-17,499
Net Income	178,657	160,840	150,371	130,591	104,707	86,693
Net Income to Common	178,657	160,840	150,371	130,591	104,707	86,693
Net Income Growth	8.94%	6.96%	15.15%	24.72%	20.78%	-25.15%
Shares Outstanding (Basic)	1,376	1,375	1,375	1,390	1,405	1,405
Shares Outstanding (Diluted)	1,376	1,376	1,376	1,391	1,406	1,406
Shares Change	0.01%	0.01%	-1.08%	-1.09%	0.01%	0.05%
EPS (Basic)	129.86	116.93	109.36	93.96	74.51	61.71
EPS (Diluted)	117.30	104.36	109.36	93.88	74.45	61.65
EPS Growth	-1.57%	-4.57%	16.49%	26.10%	20.76%	-25.19%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	139,778	119,318	47,325	137,498	186,332	160,530
Free Cash Flow Per Share	101.56	86.70	34.39	98.84	132.49	114.15
Dividend Per Share	-	38.000	34.000	28.000	24.000	22.000
Dividend Growth	-	11.77%	21.43%	16.67%	9.09%	22.22%
Gross Margin	36.90%	36.91%	36.57%	37.29%	39.09%	38.66%
Operating Margin	10.50%	10.48%	10.17%	10.62%	10.87%	11.03%
Profit Margin	5.79%	5.51%	5.79%	5.80%	5.62%	5.46%
Free Cash Flow Margin	4.53%	4.09%	1.82%	6.11%	10.01%	10.11%
EBITDA	356,954	339,165	297,044	268,392	231,496	199,981
EBITDA Margin	11.57%	11.63%	11.43%	11.92%	12.43%	12.60%
D&A For EBITDA	33,055	33,614	32,883	29,357	29,127	24,820
EBIT	323,900	305,551	264,161	239,035	202,369	175,161
EBIT Margin	10.50%	10.48%	10.17%	10.62%	10.87%	11.03%
Effective Tax Rate	24.40%	24.79%	25.52%	24.25%	26.57%	28.94%
Revenue as Reported	3,086,062	2,916,350	2,598,593	2,252,709	1,862,699	1,587,883
Advertising Expenses	-	3,929	3,783	3,455	3,048	1,699