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& TOUBRO LIMITEDMain BoardEquity2025-04-012026-03-312026-05-052026-04-21INRCroresQuarterlyFourth quarterMulti segment2026-05-0513:30:002026-05-0516:00:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated827621600000157859000008434075000002993884000004495700000-12900000000137629200000679270000011679500000312905700000759991200000834163000006865000008410280000022154500000-122700000020927500000063175300000000-184470000061330600000-17234200000440964000005325600000080746000003941440000046820000002751300000238.7138.70038.7138.70.00950.090.1155Notes: <BR> (i) The Board of Directors recommended a final dividend of Rs. 38 per equity share of face value of Rs. 2 each. <BR> <BR> (ii) During the quarter, the Company has allotted 51,318 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> (iii) During the quarter, L&T Power Development Limited, a wholly owned subsidiary of the Company, has entered into a Securities Purchase Agreement (“SPA”), to divest its entire stake in equity and convertible instruments held in Nabha Power Limited (“NPL”), a wholly owned step-down subsidiary. The transaction is subject to fulfilment of closing conditions as per the SPA and expected to get completed by June 30, 2026. Pursuant to this, the Assets & the Liabilities of the NPL have been classified as “Held for Sale” as at March 31, 2026. <BR> <BR> (iv) The Company has signed a Share Purchase Agreement on April 29, 2026, with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise, to divest its entire equity stake in its subsidiary L&T Metro Rail (Hyderabad) Limited [“LTMRHL”]. The transaction is subject to satisfaction of customary conditions and expected to get completed by June 30, 2026. Pursuant to this, the Assets & the Liabilities of the LTMRHL have been classified as “Held for Sale” as at March 31, 2026. <BR> <BR> (v) 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. 1722.44 crore (before tax) as Exceptional items in the Consolidated Financial Results for the year ended March 31, 2026. Accordingly, profit after tax (without considering exceptional items) attributable to owners of the Company is as follows: <BR> <BR> ....................................................................................................................................... <BR> Rs. Crore <BR> Particulars Quarter ended <BR> March 31, December 31, March 31, <BR> 2026 2025 2025 <BR> ....................................................................................................................................... <BR> i) Profit before exceptional items and tax [3] 8341.63 7160.98 7539.24 <BR> ii) Tax expenses (without considering exceptional items) 2074.98 1987.99 1880.58 <BR> iii) Share in profit/(loss) after tax of joint ventures/associates (net) [8] (184.47) (4.58) 22.38 <BR> iv) Profit after tax (without considering exceptional items) (i-ii+iii) 6082.18 5168.41 5681.04 <BR> v) Attributable to: Owners of the Company (a) 5289.34 4405.86 5022.48 <BR> Non-controlling interests (b) 792.84 762.55 658.56 <BR> ...................................................................................................................................... <BR> <BR> ..................................................................................................................................... <BR> Rs. Crore <BR> Particulars Year ended <BR> March 31, March 31 <BR> 2026 2025 <BR> .................................................................................................................................... <BR> i) Profit before exceptional items and tax [3] 27698.25 23104.01 <BR> ii) Tax expenses (without considering exceptional items) 7245.96 5891.40 <BR> iii) Share in profit/(loss) after tax of joint ventures/associates (net) [8] (205.52) (14.06) <BR> iv) Profit after tax (without considering exceptional items) (i-ii+iii) 20246.77 17198.55 <BR> v) Attributable to: Owners of the Company (a) 17238.50 14562.33 <BR> Non-controlling interests (b) 3008.27 2636.22 <BR> .................................................................................................................................... <BR> <BR> vi) Figures for the quarter ended March 31, 2026 and March 31, 2025 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2025 and December 31, 2024 respectively. <BR> <BR> vii) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. <BR> <BR> viii) 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 May 5, 2026.2025-04-012026-03-31AuditedConsolidated2858743600000576068000002916350400000100592390000012623000000-19631200000521872200000284882000004364750000010464443000002639367900000276982500000-1722440000025975810000067529600000634500000681641000000191594000000000-2055200000189538800000-40650000001854738000001608399000002869890000016269970000022774100000275130000021090146700000116.93116.8800116.93116.880.00950.02270.0919Sub-contracting charges151730900000Other manufacturing, construction and operating expenses114618300000Finance cost of financial services business and finance lease activity18087600000Sales, administration and other expenses28468900000Sub-contracting charges494467300000Other manufacturing, construction and operating expenses365029100000Finance cost of financial services business and finance lease activity69953400000Sales, administration and other expenses116994500000194368200000303625000001120340000084815400000182821000002747000000022580100000659392000000755825300000427678000008645323000004252760000070967000000134238560000095309300000595248600000604612600000153912400000545643000004345994000007713290000019200702000000913031800000292841130000025470190000004525498800000275130000010901467000001092898000000192406600000128530460000063738590000000047469100000684855000000832480000016711000000368200000695219100000579444300000184035000006761528000006945563000001213940000001395394600000858615200000500903000003121460000002335314700000209660400000032401942000004525498800000Notes to the Consolidated statement of cash flows: <BR> <BR> i. Statement of Cash Flows has been prepared under the Indirect Method as set out in the Indian Accounting Standard (Ind AS) 7 “Statement of Cash Flows” as specified in the Companies (Indian Accounting Standards) Rules, 2015. <BR> <BR> ii. Property, plant and equipment, Investment property and Intangible assets are adjusted for movement of (a) Capital work-in-progress for Property, plant and equipment and Investment property and (b) Intangible assets under development during the year.Other financial assets42767800000Current tax assets (net)43972100000Other non-current assets26994900000Other financial assets77132900000Other current assets913031800000Lease liabilities27670500000Other financial liabilities19798600000Other non-current liabilities368200000Lease liabilities10465200000Other financial liabilities110928800000Other current liabilities858615200000Infrastructure Projects401603700000Energy Projects166002500000Hi-Tech Manufacturing49138500000IT & Technology Services142375200000Financial Services46692900000Development Projects11757100000Others20250500000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs0Infrastructure Projects1353445800000Energy Projects548885900000Hi-Tech Manufacturing144887900000IT & Technology Services539465300000Financial Services172834300000Development Projects51185100000Others79780100000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs0837820400000289048440000010198800000317408000008276216000002858743600000Infrastructure Projects31541100000Energy Projects9573400000Hi-Tech Manufacturing7949100000IT & Technology Services21617400000Financial Services10792600000Development Projects1614000000Others4337200000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-505000000Infrastructure Projects77599800000Energy Projects33743800000Hi-Tech Manufacturing21051300000IT & Technology Services86339400000Financial Services40320500000Development Projects5389500000Others20857000000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs-114250000086919800000284158800000679270000028488200000-3289200000-2131190000083416300000276982500000Infrastructure Projects1150597500000Energy Projects394009400000Hi-Tech Manufacturing174554900000IT & Technology Services561344000000Financial Services1403839800000Development Projects250080700000Others186230900000Add: Exceptional items (net of tax)0Less: Inter-segment assets-40322000000Less: Inter-segment liabilities0Less: Inter-segment margins on capital jobs040803352000004451636000004525498800000Infrastructure Projects932459100000Energy Projects419340700000Hi-Tech Manufacturing134562200000IT & Technology Services173197700000Financial Services1141480400000Development Projects63286000000Others96509200000Add: Exceptional items (net of tax)0Less: Inter-segment assets0Less: Inter-segment liabilities-40322000000Less: Inter-segment margins on capital jobs029205133000003196809000003240194200000Notes : <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 Hyderabad 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 quarter ended March 31, 2026 and March 31, 2025 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2025 and December 31, 2024 respectively. <BR> <BR> (vi) Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods.26254600000-22009500000-281509300000000-25233300000000451275900000017224400000043647500000040364600000000-3098300000291840000030172500000115310000000-186067000000-13091000000-3203670000022772140000000060311700000016740970000001014530000011903600000129463800000025514000000034051000004809190000000000000000004226700000334740000000327310000027007100000028154400000-117388400000007520000000000436936600000364034900000718280000046762200000318223000000-8773900000-2156430000028457000000358540000032042400000121870000000153912400000Remeasurements of the net defined benefit plans-932300000Share in other comprehensive income of joint ventures/associates (net)-1000000-933300000Remeasurements of the net defined benefit plans-1152700000Share in other comprehensive income of joint ventures/associates (net)-6100000-1158800000-249200000-305400000Debt instruments through Other comprehensive income-3349300000Exchange differences in translating the financial statements of foreign operations3108700000Effective portion of gains/(losses) on hedging instruments in a cash flow hedge-20497000000Cost of hedging reserve-393400000Share in Other comprehensive income of joint ventures/associates (net)-814200000-21945200000Debt instruments through Other comprehensive income-5450300000Exchange differences in translating the financial statements of foreign operations6836800000Effective portion of gains/(losses) on hedging instruments in a cash flow hedge-7297900000Cost of hedging reserve-418400000Share in Other comprehensive income of joint ventures/associates (net)-906300000-7236100000-5395100000-4024500000-17234200000-4065000000AuditedtrueM S K A & Associates LLPtrue2027-07-31