L&TFH2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member L&TFH2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member L&TFH2021-10-012021-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member L&TFH2021-10-012021-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member L&TFH2021-10-012021-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member L&TFH2021-10-012021-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares L&TFH 2021-04-01 2022-03-31 2022-01-05 INR Crores Third quarter false Single segment Core Investment Company 2021-10-01 2021-12-31 Unaudited Standalone 162600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 162600000.00 53500000.00 216100000.00 0.00 0.00 0.00 52000000.00 157900000.00 900000.00 0.00 0.00 0.00 600000.00 23200000.00 234600000.00 -18500000.00 0.00 -18500000.00 76800000.00 0.00 76800000.00 -95300000.00 0.00 0.00 0.00 0.00 -95300000.00 94800000.00 -500000.00 -500000.00 0.00 24739000000.00 10 -0.04 -0.04 0.00 0.00 -0.04 -0.04 1. These financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard (Ind AS) prescribed under section 133 of the Companies Act 2013 (the Act) read with relevant rules issued thereunder and the other accounting principles generally accepted in India. 2. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 21, 2022. The Statutory Auditor of the Company has carried out a limited review of the aforesaid results. 3. The Company, during the quarter and nine months ended December 31, 2021 has allotted 10,21,276 and 44,62,975 equity shares respectively of Rs. 10 each, fully paid up, on exercise of options by employees, in accordance with the Company's Employee Stock Option Scheme(s). 4. 'The Company has entered into a definitive agreement with HSBC Asset Management (India) Private Limited (“HSBC AMC”) on December 23, 2021 to sell 100% equity shares of L&T Investment Management Limited (“LTIM”), a wholly owned subsidiary of the Company, which is the investment manager of L&T Mutual Fund, for an aggregate purchase consideration of USD 425 million (subject to adjustments as set out in the definitive agreement). In addition, the Company will also be entitled to surplus cash balance left in LTIM in excess of regulatory and investment capital requirements until the completion of the acquisition. Cash, Cash equivalents and liquid investments in the books of LTIM as on December 31, 2021 is ~ Rs 731 Crs. The said transaction is subject to the requisite regulatory approvals.Accordingly as required by Ind-AS 105, LTIM has been presented in the aforesaid financial results as “Non-Current Assets held for sale and discontinued operations”. 5. 'Estimation of uncertainty relating to COVID-19 global health pandemic: In assessing the recoverability of loans, receivables, intangible assets and investments, the Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. However, the going concern assumptions will not get impacted by the ongoing COVID-19 pandemic. 6. During the quarter and nine months ended December 31, 2021, following Cumulative Compulsorily Redeemable Preference Shares (CRPS) have been redeemed : (Rs in Crore) S. No Particulars Date Amount Rate Dividend Paid 1 Redeemed 12 October 2021 250.00 8.95% 11.89 2 Redeemed 19 October 2021 145.40 8.00% 6.41 3 Redeemed 19 October 2021 63.70 7.95% 2.79 4 Redeemed 19 October 2021 150.00 7.95% 6.57 5 Redeemed 19 October 2021 150.00 7.95% 6.57 6 Redeemed 19 October 2021 60.00 7.60% 2.51 7 Redeemed 19 October 2021 205.00 7.50% 8.47 7. The main business of the Company is investment activity. As such, there are no separate reportable segments as per the Ind AS 108 on Operating Segment. 8. 'The statement includes the results for the quarters ended December 31, 2021 and December 31, 2020 being the balancing figure of the published year to date figures upto the nine months and six months of the respective financial years, which were subject to limited review by the respective statutory auditors of the company. 9. Information as required by Regulations 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, is attached as annexure 1. 10. Asset Cover available as on December 31, 2021 in case of non-convertible debenture issued by the company is not applicable. 11. Previous period/year figures have been regrouped/reclassified to make them comparable with those of current period. Single segment 2021-04-01 2021-12-31 Unaudited Standalone 682200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 682200000.00 115700000.00 797900000.00 0.00 0.00 0.00 114800000.00 718500000.00 2800000.00 0.00 0.00 0.00 -300000.00 60700000.00 896500000.00 -98600000.00 0.00 -98600000.00 210500000.00 0.00 210500000.00 -309100000.00 0.00 0.00 0.00 0.00 -309100000.00 95300000.00 -213800000.00 -213800000.00 0.00 24739000000.00 10 -0.13 -0.12 0.00 0.00 -0.13 -0.12 Other expenses 23200000.00 Other expenses 60700000.00 0.00 0.00 0.00 0.00 94800000.00 95300000.00