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LARSEN & TOUBRO LIMITED Registered Office : L & T House , Ballard Estate , Mumbai 400 001 CIN : L99999MH1946PLC004768 STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31 , 2021 Crore Particulars 1 Income : a ) Revenue from operations b ) Other income ( net ) 2 Total Income Expenses : a ) Manufacturing , construction and operating expenses : i ) Cost of raw materials and components consumed ii ) Stores , spares and tools consumed iii ) Sub - contracting charges March 31 , 2021 [ Reviewed ] [ Note ( vii ) ] Quarter ended December 31 , 2020 Year ended [ Reviewed ] March 31 , 2020 [ Reviewed ] [ Note ( vii ) ] March 31 , 2021 March 31 , 2020 [ Audited ] [ Audited ] 29754.11 674.37 30428.48 19619.81 1127.66 20747.47 27252.75 801.67 28054.42 73315.59 82383.65 3435.44 2807.87 76751.03 85191.52 1844.24 1713.07 1411.10 5693.94 5486.99 448.12 374.54 244.00 1418.59 1520.47 8188.71 5574.77 7158.53 19625.19 22488.74 iv ) Construction materials consumed 10803.72 5614.45 10836.95 22426.38 28632.03 v ) Purchases of stock - in - trade 436.69 348.89 225.38 1226.68 855.63 vi ) Changes in inventories of finished goods , stock - in - trade and work - in - progress ( 205.18 ) 297.79 327.81 342.53 ( 64.01 ) vii ) Other manufacturing , construction and operating expenses 2617.22 1905.82 2191.47 7556.80 7962.36 b ) Employee benefits expense 1327.16 1395.76 1425.75 5485.38 5955.98 c ) Sales , administration and other expenses d ) Finance costs e ) Depreciation , amortisation , impairment and obsolescence Total Expenses 703.53 530.91 808.79 2273.95 2707.34 486.89 567.81 563.71 2419.55 2266.56 301.02 240.42 257.05 1025.62 1020.51 26952.12 18564.23 25450.54 69494.61 78832.60 3 Profit before exceptional items and tax ( 1-2 ) 4 Tax expense : a ) Current tax 3476.36 2183.24 2603.88 7256.42 6358.92 836.07 354.05 749.32 1434.27 1508.92 b ) Deferred tax 173.25 124.29 ( 259.68 ) 317.01 ( 564.45 ) Total tax expense 1009.32 478.34 5 6 Net profit after tax ( before exceptional items ) from continuing operations ( 3-4 ) Exceptional items : 2467.04 1704.90 489.64 2114.24 1751.28 944.47 5505.14 5414.45 a ) Exceptional items before tax ( 2818.65 ) 626.99 b ) Deferred tax 16.68 Exceptional items ( net of tax ) ( 2,818.65 ) 610.31 7 Net profit / ( loss ) after tax from continuing operations ( 5 + 6 ) 2467.04 8 Profit before tax from discontinued operations ( 33.58 ) 9 Tax expense of discontinued operations ( 7.65 ) 1704.90 213.08 45.21 2114.24 185.23 2686.49 6024.76 11199.23 865.38 10 Net profit after tax from discontinued operations [ Note ( i ) ] ( 25.93 ) 167.87 44.83 140.40 2548.75 210.93 8650.48 654.45 11 Net profit after tax from continuing operations & discontinued operations ( 7 + 10 ) 2441.11 1872.77 2254.64 11336.97 6679.21 12 Other Comprehensive Income ( net of tax ) ( 409.85 ) 519.15 ( 166.55 ) 491.55 ( 518.92 ) 13 Total Comprehensive Income ( 11 + 12 ) 2031.26 2391.92 2088.09 11828.52 6160.29 14 Paid - up equity share capital ( face value of share : * 2 each ) 280.91 280.85 280.78 15 Other equity 280.91 60132.63 280.78 51894.57 16 Earnings per equity share ( EPS ) from continuing operations after exceptional items ( not annualised ) : ( a ) Basic EPS ( * ) 17.57 12.14 15.06 19.13 42.93 ( b ) Diluted EPS ( * ) 17.55 12.13 15.04 19.11 42.87 17 Earnings per equity share ( EPS ) from discontinued operations ( not annualised ) : ( a ) Basic EPS ( 3 ) ( 0.18 ) 1.20 1.00 61.61 4.66 ( b ) Diluted EPS ( * ) ( 0.18 ) 1.19 1.00 61.54 4.66 18 Earnings per equity share ( EPS ) from continuing operations & discontinued operations ( not annualised ) : ( a ) Basic EPS ( 3 ) 17.39 13.34 16.06 80.74 47.59 ( b ) Diluted EPS ( * ) 17.37 13.32 16.04 80.65 47.53 Notes : ( i ) Profit after tax from discontinued operations for the quarter and for the year ended March 31 , 2021 represents gain on transfer of Electrical & Automation business , operating profit up to the date of transfer and impact of post - closing adjustments , which are under discussion . ( ii ) The Board of Directors recommended a final dividend of 18 per equity share of face value of 2 each in addition to the special dividend of 18 per equity share declared on October 28 , 2020 . ( iii ) During the quarter , the Company's operations recovered further from the economic slowdown caused by the Covid - 19 pandemic . Based on its assessment of business / economic conditions , the Company expects to recover the carrying value of its assets . The Company will continue to evaluate the pandemic - related uncertainty arising from the on - going second wave and update its assessment . ( iv ) For better understanding of the Company's performance , line items have been added to show Profit after tax from continuing operations separately from exceptional items . This is in line with guidance available in Schedule III to Companies Act , 2013 . ( v ) The Company 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 . ( vi ) During the quarter ended March 31 , 2021 , the Company has allotted 2,98,601 equity shares of 2 each fully paid - up , on exercise of stock options by employees in accordance with the Company's stock option schemes . ( vii ) Figures for the quarter ended March 31 , 2021 and March 31 , 2020 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31 , 2020 and December 31 , 2019 respectively . Mumbai May 14 , 2021 for LARSEN & TOUBRO LIMITED SEKHARIPURA M NARAYANAN SUBRAHMANY AN Digitally signed by SEKHARIPURAM NARAYANAN SUBRAMANYAN DN Peronal 2543053310020 33378232123020270cb2ba 22b695074417441d730 SEARPURAM NARAYANAN SUBRAMANYAN Date : 2021.05.14 17 : 32 : 33 + 0530 S. N. SUBRAHMANYAN Chief Executive Officer & Managing Director