Larsen & Toubro Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	2,610,782	2,405,405	2,080,043	1,707,658	1,445,501	1,225,755
Other Revenue	216,904	192,658	171,847	154,283	142,004	167,509
Revenue	2,827,686	2,598,063	2,251,890	1,861,940	1,587,506	1,393,264
Revenue Growth (YoY)	12.04%	15.37%	20.94%	17.29%	13.94%	-5.75%
Cost of Revenue	1,730,293	1,585,269	1,354,997	1,073,742	914,283	795,475
Gross Profit	1,028,794	949,772	839,744	727,934	613,697	520,879
Selling, General & Admin	688,718	644,706	564,047	491,868	409,358	331,164
Other Operating Expenses	-77.1	-77.1	-84.4	-144.6	-201.4	-193.5
Operating Expenses	730,903	685,611	600,709	525,565	438,536	359,103
Operating Income	297,891	264,161	239,035	202,369	175,161	161,776
Interest Expense	-29,120	-33,308	-35,365	-31,777	-30,554	-39,045
Earnings From Equity Investments	13.2	-140.6	-226.2	-942.5	1,282	144
Currency Exchange Gain (Loss)	-35.3	-35.3	-93.4	-290.9	-644.7	-46.3
Other Non Operating Income (Expenses)	-	-	-	-3.9	-58.1	-42.7
EBT Excluding Unusual Items	268,749	230,677	203,350	169,355	145,186	122,786
Impairment of Goodwill	-	-	-	-	-	-18.2
Gain (Loss) on Sale of Assets	452.5	452.5	735.1	613.7	176	626.1
Asset Writedown	-229.6	-229.6	-76.3	-1,181	-99.2	-891.4
Pretax Income	268,972	230,900	204,009	168,788	145,262	122,502
Income Tax Expense	70,516	58,914	49,474	44,842	42,039	40,108
Earnings From Continuing Operations	198,456	171,986	154,535	123,946	103,223	82,394
Earnings From Discontinued Operations	-	-	-	-	-	82,379
Net Income to Company	189,767	176,733	155,471	125,306	104,192	129,213
Minority Interest in Earnings	-27,210	-26,362	-24,880	-20,599	-17,499	-13,384
Net Income	162,557	150,371	130,591	104,707	86,693	115,829
Net Income to Common	162,557	150,371	130,591	104,707	86,693	115,829
Net Income Growth	16.64%	15.15%	24.72%	20.78%	-25.15%	21.30%
Shares Outstanding (Basic)	1,375	1,375	1,390	1,405	1,405	1,404
Shares Outstanding (Diluted)	1,376	1,376	1,391	1,406	1,406	1,406
Shares Change (YoY)	0.01%	-1.08%	-1.09%	0.01%	0.05%	0.03%
EPS (Basic)	118.20	109.36	93.96	74.51	61.71	82.49
EPS (Diluted)	118.13	109.28	93.88	74.45	61.65	82.41
EPS Growth	16.63%	16.40%	26.10%	20.76%	-25.19%	21.28%
Free Cash Flow	-	47,419	137,498	186,332	160,530	212,643
Free Cash Flow Per Share	-	34.46	98.84	132.49	114.15	151.29
Dividend Per Share	-	34.000	28.000	24.000	22.000	18.000
Dividend Growth	-	21.43%	16.67%	9.09%	22.22%	-
Gross Margin	36.38%	36.56%	37.29%	39.09%	38.66%	37.39%
Operating Margin	10.54%	10.17%	10.62%	10.87%	11.03%	11.61%
Profit Margin	5.75%	5.79%	5.80%	5.62%	5.46%	8.31%
Free Cash Flow Margin	-	1.82%	6.11%	10.01%	10.11%	15.26%
EBITDA	333,418	297,044	268,392	231,496	199,981	185,332
EBITDA Margin	11.79%	11.43%	11.92%	12.43%	12.60%	13.30%
D&A For EBITDA	35,527	32,883	29,357	29,127	24,820	23,556
EBIT	297,891	264,161	239,035	202,369	175,161	161,776
EBIT Margin	10.54%	10.17%	10.62%	10.87%	11.03%	11.61%
Effective Tax Rate	26.22%	25.52%	24.25%	26.57%	28.94%	32.74%
Revenue as Reported	2,828,216	2,598,593	2,252,709	1,862,699	1,587,883	1,394,084
Advertising Expenses	-	3,783	3,455	3,048	1,699	1,013

Source: S&P Global Market Intelligence. Standard template. Financial Sources.