Financials of Larsen & Toubro Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Larsen & Toubro Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +58,33547,88251,02455,12867,07955,12061,55564,66874,39263,67967,98471,45082,762
Expenses +49,98141,56643,98447,92958,42648,07453,63856,77064,51655,65559,47062,25972,343
Operating Profit8,3546,3167,0407,1998,6537,0467,9177,8989,8768,0248,5139,19010,419
OPM %14%13%14%13%13%13%13%12%13%13%13%13%13%
Other Income +7411,1461,1338381,1359211,1019681,6101,3571,384-3501,647
Interest2,3342,2992,2722,3442,3452,2922,4392,4862,4192,4882,4702,3992,488
Depreciation8548309109211,0219981,0241,0471,0521,0331,0921,0721,168
Profit before tax5,9074,3324,9914,7726,4224,6775,5555,3338,0145,8606,3365,3708,410
Tax %25%28%23%25%22%26%26%25%23%26%26%29%25%
Net Profit +4,4593,0963,8463,5935,0133,4454,0993,9746,1564,3184,6783,8256,133
EPS in Rs28.3717.7423.4521.4431.9820.2624.6924.4339.9726.3028.5423.3738.71

Financials of Larsen & Toubro Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +91,929101,122109,312119,683135,220145,452135,979156,521183,341221,113255,734285,874
Expenses +76,24585,63792,69199,572112,354120,899112,519132,207156,175192,355221,308250,464
Operating Profit15,68415,48616,62020,11122,86624,55323,46024,31427,16628,75834,42735,411
OPM %17%15%15%17%17%17%17%16%15%13%13%12%
Other Income +1,4221,2191,4661,4652,7013,0158,1112,3642,8914,9533,1984,986
Interest7,2666,8996,8297,7149,33911,02111,7509,2359,4459,5129,92510,056
Depreciation2,6231,7872,3702,2231,9232,4622,9042,9483,5023,6824,1214,365
Profit before tax7,2178,0208,88711,63914,30514,08616,91814,49517,10920,51723,57925,976
Tax %31%30%23%27%28%23%24%29%26%24%25%26%
Net Profit +4,9664,5926,4868,00410,21710,89412,92110,41912,53115,54717,67318,954
EPS in Rs34.1730.6443.1752.5963.4868.0282.4761.7074.5095.00109.35116.92
Dividend Payout %32%40%22%30%28%26%44%36%32%36%31%32%

Financials of Larsen & Toubro Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital186186187280281281281281281275275275
Reserves40,72343,99450,03054,62362,09466,44275,58882,12789,04586,08497,381109,015
Borrowings +93,63088,13593,954107,524125,555143,174134,629125,508120,650116,322132,409125,497
Other Liabilities +58,72761,77567,40080,81290,10696,79099,597111,112119,745136,921149,050217,596
Total Liabilities193,266194,091211,571243,240278,036306,687310,095319,028329,722339,602379,114452,383
Fixed Assets +34,73814,17616,67718,58021,19443,65344,31942,94542,64142,96444,05530,867
CWIP14,99310,97413,29813,44313,9193,3115001,2503,0663,0452,5893,311
Investments9,61215,46519,75315,31120,90720,04739,62739,39544,79845,64854,80568,377
Other Assets +133,923153,475161,843195,905222,016239,675225,649235,438239,217247,946277,665349,828
Total Assets193,266194,091211,571243,240278,036306,687310,095319,028329,722339,602379,114452,383

Financials of Larsen & Toubro Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1,365-3,2406,655-10,031-4,7566,69423,07419,16422,77718,2669,15116,741
Cash from Investing Activity +-4,778-4,627-9,7963,914-11,023-8,408-5,750-3,585-8,0482,179-15,479-11,380
Cash from Financing Activity +7,9037,2532,8969,37015,4406,372-15,274-15,181-11,572-25,4136,557-2,156
Net Cash Flow1,759-613-2453,254-3384,6582,0493973,156-4,9682283,204
Free Cash Flow-7,460-7,3633,834-12,046-8,2553,39422,15116,12418,98414,0565,61112,272
CFO/OP10%-0%59%-33%1%44%113%97%103%82%43%64%

Financials of Larsen & Toubro Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11994961019910211310889817777
Inventory Days765141455144514441323036
Days Payable288283301349340336401378302255208265
Cash Conversion Cycle-92-138-164-203-190-190-236-227-172-143-101-151
Working Capital Days1244424520252802-16-33-27
ROCE %10%11%11%14%13%12%10%10%12%13%15%15%