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& TOUBRO LIMITEDMain BoardEquity2025-04-012026-03-312026-01-282026-01-15INRCroresQuarterlyThird quarterMulti segment2026-01-2809:30:002026-01-2818:15:00Declaration of unmodified opinion2025-10-012025-12-31UnauditedConsolidated714497000000144104000007289074000002445073000002982900000-11130000012799860000062513000001071740000026495140000065729760000071609800000-17910900000536989000001442030000098630000015406600000038292300000000-45800000382465000006475500000447220000003215110000060954000003896030000057617000002751200000223.3723.360023.3723.360.01060.01860.1065Notes: <BR> (i) During the quarter, the Company has allotted 24,869 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. <BR> <BR> (ii) Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’. The New Labour Codes has resulted in a one-time material increase in provision for employee benefits on account of recognition of past service costs. Based on the requirements of New Labour Codes and the ICAI clarification, the Group has assessed and accounted the estimated incremental impact of Rs. 1,343.76 crore (net of tax) as Exceptional Items in the Consolidated Results for the quarter and nine months ended December 31, 2025. In view of the above, Profit before tax and Net profit after tax attributable to the Owners of the Company and Non-controlling interests are as follows: <BR> <BR> ....................................................................................................................................... <BR> Rs. Crore <BR> Particulars Quarter ended <BR> December 31, September 30, December 31, <BR> 2025 2025 2024 <BR> [Reviewed] [Reviewed] [Reviewed] <BR> ....................................................................................................................................... <BR> A i) Profit before tax (including exceptional items) 5369.89 6336.11 5333.03 <BR> ii) Tax expense (including tax on exceptional items) 1540.66 1649.02 1332.00 <BR> iii) Net profit after tax including share <BR> in profit/(loss) of joint ventures/associates 3824.65 4678.01 3973.98 <BR> B Net profit after tax including share in profit/(loss) <BR> of joint ventures/associates before exceptional items 5168.41 4678.01 3973.98 <BR> Attributable to: Owners of the Company 4405.86 3926.09 3358.84 <BR> Non-controlling interests 762.55 751.92 615.14 <BR> C Exceptional items (net of tax) (1343.76) - - <BR> Attributable to: Owners of the Company (1190.75) - - <BR> Non-controlling interests (153.01) - - <BR> <BR> Net profit after tax attributable to the Owners <BR> of the Company 3215.11 3926.09 3358.84 <BR> <BR> ...................................................................................................................................... <BR> <BR> ..................................................................................................................................... <BR> Rs. Crore <BR> Particulars Nine months ended Year ended <BR> December 31, December 31, March 31, <BR> 2025 2024 2025 <BR> [Reviewed] [Reviewed] [Audited] <BR> .................................................................................................................................... <BR> A i) Profit before tax (including exceptional items) 17565.55 15564.77 23578.79 <BR> ii) Tax expense (including tax on exceptional items) 4723.66 4010.82 5891.40 <BR> iii) Net profit after tax including share <BR> in profit/(loss) of joint ventures/associates 12820.83 11517.51 17673.33 <BR> B Net profit after tax including share in profit/(loss) <BR> of joint ventures/associates before exceptional items 14164.59 11517.51 17198.55 <BR> Attributable to: Owners of the Company 11949.14 9539.85 14562.33 <BR> Non-controlling interests 2215.45 1977.66 2636.22 <BR> C Exceptional items (net of tax) (1343.76) - 474.78 <BR> Attributable to: Owners of the Company (1190.75) - 474.78 <BR> Non-controlling interests (153.01) - - <BR> <BR> Net profit after tax attributable to the Owners <BR> of the Company 10758.39 9539.85 15037.11 <BR> <BR> .................................................................................................................................... <BR> <BR> (iii) 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 and nine months ended December 31, 2025 are given below: <BR> <BR> ....................................................................................................................................... <BR> Rs. Crore <BR> Particulars Quarter ended <BR> December 31, September 30, December 31, <BR> 2025 2025 2024 <BR> [Reviewed] [Reviewed] [Reviewed] <BR> ....................................................................................................................................... <BR> a) Revenue from operations 37902.84 35115.74 34983.99 <BR> b) Profit before exceptional items and tax 4493.64 2431.23 3046.66 <BR> c) Profit/(loss) before tax (including exceptional items) 3384.91 (2981.77) 3046.66 <BR> d) Net profit/(loss) after tax (including exceptional items) 2832.08 (3591.17) 2404.42 <BR> <BR> ...................................................................................................................................... <BR> <BR> ..................................................................................................................................... <BR> Rs. Crore <BR> Particulars Nine months ended Year ended <BR> December 31, December 31, March 31, <BR> 2025 2024 2025 <BR> [Reviewed] [Reviewed] [Audited] <BR> .................................................................................................................................... <BR> a) Revenue from operations 106489.31 100180.05 142509.01 <BR> b) Profit before exceptional items and tax 10964.96 9134.94 13098.98 <BR> c) Profit/(loss) before tax (including exceptional items) 4443.23 9134.94 13573.76 <BR> d) Net profit/(loss) after tax (including exceptional items) 2726.21 7361.73 10870.72 <BR> <BR> .................................................................................................................................... <BR> <BR> iv) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. <BR> <BR> v) The above consolidated financial results of the Parent Company including its Subsidiaries, Associates & Joint Ventures have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 28, 2026. The same have also been subjected to Limited Review by the Statutory Auditor.2025-04-012025-12-31UnauditedConsolidated20311218000004182110000020729429000007065355000008127300000-673120000038424300000021695500000319680000007335384000001879376500000193566400000-17910900000175655500000453752000001861400000472366000000128418900000000-2106000001282083000001316920000014137750000010758390000020624400000123285300000180922000002751200000278.2278.180078.2278.180.01060.01720.0844Sub-contracting charges119151100000Other manufacturing, construction and operating expenses96356100000Finance cost of financial services business and finance lease activity17734000000Sales, administration and other expenses31710200000Sub-contracting charges342736400000Other manufacturing, construction and operating expenses250410500000Finance cost of financial services business and finance lease activity51865900000Sales, administration and other expenses88525600000Infrastructure Projects340042300000Energy Projects127304300000Hi-Tech Manufacturing33819900000IT & Technology Services136764500000Financial Services44768000000Development Projects11605200000Others28216900000Add: Exceptional items (before tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs0Infrastructure Projects951842100000Energy Projects382883400000Hi-Tech Manufacturing95749400000IT & Technology Services397090100000Financial Services126141400000Development Projects39428000000Others59529400000Add: Exceptional items (before tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs072252110000020526638000008024100000215420000007144970000002031121800000Infrastructure Projects16950800000Energy Projects6773200000Hi-Tech Manufacturing5357200000IT & Technology Services22160300000Financial Services10206900000Development Projects1588800000Others8178400000Add: Exceptional items (before tax)-17910900000Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-166700000Infrastructure Projects46058700000Energy Projects24170400000Hi-Tech Manufacturing13102200000IT & Technology Services64722000000Financial Services29527900000Development Projects3775500000Others16519800000Add: Exceptional items (before tax)-17910900000Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-63750000053138000000179328100000625130000021695500000-6812200000-1802290000053698900000175655500000Infrastructure Projects992099800000Energy Projects318372100000Hi-Tech Manufacturing169557500000IT & Technology Services530358600000Financial Services1314974400000Development Projects251527300000Others173357000000Add: Exceptional items (before tax)0Less: Inter-segment assets-58221900000Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs036920248000003809728000004072997600000Infrastructure Projects735369700000Energy Projects346615900000Hi-Tech Manufacturing122027800000IT & Technology Services143191500000Financial Services1060975000000Development Projects64447900000Others84145400000Add: Exceptional items (before tax)0Less: Inter-segment assets0Less: Inter-segment liabilities-58221900000Less: Inter-segment margins on capital jobs024985513000003332026000002831753900000Notes : <BR> <BR> (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. <BR> <BR> (ii) The 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) renewables, (f) water & effluent treatment and (g) minerals and metals. Energy Projects segment comprises of (a) Hydrocarbon Onshore and Offshore businesses covering EPC solutions in oil & gas, refineries, petrochemicals & offshore wind energy sectors, from front-end design through detailed engineering, modular fabrication, procurement, project management, construction, installation and commissioning, (b) CarbonLite Solutions business covering BTG scope for power generation plants including associated systems and/or carbon capture utilisation & utility packages and (c) EPC solutions in clean energy space. Hi-Tech Manufacturing segment comprises design, manufacture/construct, supply and revamp/retrofit of (a) custom designed, engineered critical equipment & systems to the process plant, nuclear energy and green hydrogen sectors, (b) marine and land platforms including related equipment & systems; aerospace products & systems; precision and electronic products & systems for the defence, security, space and industrial sectors and (c) electrolysers. IT & Technology Services segment comprises (a) information technology and integrated engineering services (including smart infrastructure & communication projects), (b) e-commerce/digital platforms, cloud services & data centres and (c) semiconductor chip design. Financial Services segment primarily comprises retail finance. Development Projects segment comprises (a) development, operation and maintenance of metro project, including transit oriented development, (b) toll roads (upto the date of divestment) and (c) power generation & development – (i) thermal power and (ii) green energy. Others segment includes (a) realty, (b) construction equipment & industrial product design development comprising of (i) manufacture and sale of industrial valves, (ii) manufacture (upto the date of sale), marketing and servicing of construction equipment, mining machinery and parts thereof, (iii) manufacture and sale of components of construction equipment and (iv) manufacture and sale of rubber processing machinery. <BR> <BR> (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 business undertaking/stake in the subsidiary and/or joint venture companies in those segments. Segment result represents profit before interest and tax. Unallocable corporate income includes majorly interest income, dividends and investment related gains. Unallocable expenditure includes majorly corporate expenses not allocated to segments. <BR> Unallocable corporate assets comprise majorly 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 comprise majorly 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. <BR> <BR> (iv) In respect of segments of the Group, revenue and margin do not accrue uniformly during the year. <BR> <BR> (v) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods.Gain/(loss) on remeasurements of the net defined benefit plans998900000Share in other comprehensive income of joint ventures/associates (net)-1700000997200000Gain/(loss) on remeasurements of the net defined benefit plans-220500000Share in other comprehensive income of joint ventures/associates (net)-5200000-225700000287900000-56300000Debt instruments through other comprehensive income-484000000Foreign Currency Translation Reserve802700000Effective portion of gains and losses on hedging instruments in a cash flow hedge6864900000Cost of hedge reserve459100000Share in other comprehensive income of joint ventures/associates (net)-1083000007534400000Debt instruments through other comprehensive income-2101000000Foreign Currency Translation Reserve3728200000Effective portion of gains and losses on hedging instruments in a cash flow hedge13199100000Cost of hedge reserve-24900000Share in other comprehensive income of joint ventures/associates (net)-921000001470930000017682000001370700000647550000013169200000UnauditedtrueM S K A & Associates LLPtrue2027-07-31