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iso4217:INRxbrli:pureiso4217:INRxbrli:shares

500510

INE018A01030

LARSEN & TOUBRO LIMITED

Equity

2022-04-01

2023-03-31

2022-07-26

2022-07-12

INR

Crores

First quarter

Multi segment

2022-07-26

14:30:00

2022-07-26

17:10:00

Not applicable

2022-04-01

2022-06-30

Unaudited

Consolidated

358532000000

6947200000

365479200000

129898700000

1993200000

-15227600000

85559500000

7560500000

9634000000

116741500000

336159800000

29319400000

9521800000

-3132500000

6389300000

22930100000

-646800000

22283300000

-9559500000

12723800000

17020700000

5262600000

8770300000

3953500000

2810300000

12.114

12.103

12.114

12.103

0.0124

0.0067

0.0441

Notes: (i) During the quarter, the Company has allotted 1,16,098 equity shares of Rs. 2 each fully paid-up, on exercise of stock options by employees in accordance with the Company's stock option schemes. (ii) The Group will assess the impact of Code on Wages, 2019 and the Code on Social Security, 2020 and give effect in the financial statements when the date of implementation of these codes and the Rules/Schemes thereunder are notified. (iii) Figures for the quarter ended March 31, 2022 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2021. (iv) The Company reports its consolidated financial results on a quarterly basis. The standalone financial results are available on the Company's website viz. www.larsentoubro.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). The specified items of the standalone financial results of the Company for the quarter ended June 30, 2022 are given below: ....................................................................................................................................... Rs. Crore Particulars Quarter ended Year ended June 30, March 31, June 30, March 31, 2022 2022 2021 2022 [Reviewed] [Reviewed] [Reviewed] [Audited] [Note (iii)] ....................................................................................................................................... a) Revenue from operations 20211.69 37439.22 16607.86 101000.41 b) Profit before exceptional and tax 1267.34 3823.72 1326.82 9741.41 c) Profit before tax 1267.34 3823.72 1326.82 10008.70 d) Net profit after tax 911.22 2901.15 1009.48 7879.45 (v) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current period. (vi) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 26, 2022.The same have also been subjected to Limited Review by the Statutory Auditors.

Sub-contracting charges

35274100000

Other manufacturing, construction and operating expenses

43268400000

Sales, administration and other expenses

23634900000

Finance cost of financial services business and finance lease liability

14564100000

Infrastructure Projects

144005100000

Energy Projects

50875200000

Hi-Tech Manufacturing

13880700000

IT & Technology Services

94602200000

Financial Services

29581400000

Development Projects

13453900000

Others

16318900000

Less: Inter-segment assets

Less: Inter-segment liabilities

362717400000

4185400000

358532000000

Infrastructure Projects

6861800000

Energy Projects

3796900000

Hi-Tech Manufacturing

1503000000

IT & Technology Services

17748500000

Financial Services

3555500000

Development Projects

-211000000

Others

2516200000

Less: Inter-segment assets

Less: Inter-segment liabilities

35770900000

7560500000

-1109000000

29319400000

Infrastructure Projects

838163700000

Energy Projects

221529100000

Hi-Tech Manufacturing

83320100000

IT & Technology Services

349898500000

Financial Services

1022610500000

Development Projects

275969200000

Others

139326400000

Less: Inter-segment assets

-30610900000

Less: Inter-segment liabilities

2900206600000

255714800000

3155921400000

Infrastructure Projects

576273800000

Energy Projects

175676300000

Hi-Tech Manufacturing

50144900000

IT & Technology Services

78636200000

Financial Services

832638100000

Development Projects

76425700000

Others

61516700000

Less: Inter-segment assets

Less: Inter-segment liabilities

-30610900000

1820700800000

368307000000

2189007800000

Notes: (I) The Group has reported segment information as per Ind AS 108 "Operating Segments". The identification of operating segments is consistent with performance assessment and resource allocation by the management. (II) Effective from April 1, 2022, the operating segments have been reorganised by the Group’s Corporate Executive Management to reflect business portfolio as per the Strategic Plan – Lakshya 2026 where the Group will focus on Projects, Hi-Tech Manufacturing and Services businesses. The changes in the segment composition are summarised as follows: a) Hydrocarbon and Power business primarily involved in EPC/turnkey solutions in Energy sector reorganised as “Energy Projects” segment to reflect the Group's entry into Green Energy space and integrated pursuit of opportunities in a rapidly transforming Energy sector. b) Heavy Engineering and Defence Engineering business, engaged in manufacturing of complex equipment reorganised as “Hi-Tech Manufacturing” segment to leverage the extensive engineering, manufacturing and fabrication expertise across the various customer segments. c) E-commerce/digital platforms business, earlier reported under “Others” segment, would be part of “IT & Technology Services” segment. Revised Segment composition: Infrastructure Projects segment comprises engineering and construction of (a) building and factories, (b) transportation infrastructure, (c) heavy civil infrastructure, (d) power transmission & distribution, (e) water & effluent treatment and (f) minerals and metals. Energy Projects segment comprises EPC/turnkey solutions in (a) Hydrocarbon business covering Oil & Gas industry from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning, (b) Power business covering Coal-based and Gas-based thermal power plants including power generation equipment with associated systems and/or balance-of-plant packages and (c) EPC solutions in Green Energy space. Hi-Tech Manufacturing segment comprises (a) design, manufacture and supply of (i) custom designed, engineered critical equipment & systems to core sector industries like Fertiliser, Refinery, Petrochemical, Chemical, Oil & Gas and Thermal & Nuclear Power (ii) equipment, systems and platforms for Defence and Aerospace sectors and (b) design, construction and repair/refit of defence vessels. IT & Technology Services segment comprises (a) information technology and integrated engineering services and (b) E-commerce/digital platforms & data centres. Financial Services segment comprises retail finance, wholesale finance and asset management. Development Projects segment comprises (a) development, operation and maintenance of infrastructure projects, toll and fare collection and (b) power generation & development – (i) thermal power (ii) hydel power (upto the date of divestment) and (iii) Green Energy. Others segment includes (a) realty, (b) manufacture and sale of industrial valves, (c) smart world & communication projects (including military communications), (d) manufacture, marketing and servicing of construction equipment and parts thereof, (e) marketing and servicing of mining machinery and parts thereof and (f) manufacture and sale of rubber processing machinery. (III) Segment revenue comprises sales and operational income allocable specifically to a segment and includes in the case of Development Projects and Realty business (grouped under "Others" segment) profits on sale of stake in the subsidiary and/or joint venture companies in those segments. Segment result represents profit before interest and tax. Unallocable corporate income primarily includes interest income, dividends and profit on sale of investments. Unallocable expenditure mainly includes corporate expenses not allocated to segments. Unallocable corporate assets mainly comprise investments. Investment in joint ventures and associates identified with a particular segment are reported as part of the segment assets of those respective segments. Unallocable corporate liabilities mainly comprise borrowings. In respect of (a) Financial Services segment and (b) Development Projects segment relating to a power generation asset given on finance lease, segment liabilities include borrowings as finance costs on the borrowings are accounted as segment expense. (IV) In respect of most of the segments of the Group, revenue and margins do not accrue uniformly during the year. (V) Figures for the quarter ended March 31, 2022 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2021. (VI) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current period.

Equity instruments through other comprehensive income

Remeasurements of the net defined benefit plans

413900000

Share in other comprehensive income of joint ventures/associates (net)

-333600000

80300000

77300000

Debt instruments through other comprehensive income

-2927600000

Foreign Currency Translation Reserve

-64900000

Effective portion of gains and losses on hedging instruments in a cash flow hedge

-9923400000

Cost of hedge reserve

213700000

Share in other comprehensive income of joint ventures/associates (net)

137400000

-12564800000

-3002300000