Larsen & Toubro Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 27, 2021 at 07:52 am EDT
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Larsen & Toubro Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 317,971.6 million compared to INR 276,928.4 million a year ago. Revenue was INR 353,050.4 million compared to INR 315,937.7 million a year ago. Net income was INR 18,194.5 million compared to INR 55,202.7 million a year ago. Basic earnings per share from continuing operations was INR 12.95 compared to basic loss per share from continuing operations of INR 18.7 a year ago. Diluted earnings per share from continuing operations was INR 12.94 compared to diluted loss per share from continuing operations of INR 18.7 a year ago. Basic earnings per share was INR 12.95 compared to INR 39.32 a year ago. Diluted earnings per share was INR 12.94 compared to INR 39.32 a year ago.
For the six months, sales was INR 580,705 million compared to INR 456,686.2 million a year ago. Revenue was INR 652,877.4 million compared to INR 536,311.4 million a year ago. Net income was INR 29,938.9 million compared to INR 58,234.1 million a year ago. Basic earnings per share from continuing operations was INR 21.31 compared to basic loss per share from continuing operations of INR 16.59 a year ago. Diluted earnings per share from continuing operations was INR 21.29 compared to diluted loss per share from continuing operations of INR 16.59 a year ago. Basic earnings per share was INR 21.31 compared to INR 41.48 a year ago. Diluted earnings per share was INR 21.29 compared to INR 41.48 a year ago.
Larsen & Toubro Limited is a diversified group. Net sales (not including sold divisions) break down by activity as follows:
- engineering and construction services (68.5%): implementation of turnkey projects of transportation, building, factories, engineering instruments, etc.;
- construction, installation and implementation of hydrocarbon exploration and production projects (17.2%);
- development of thermal power plants and manufacturing of energy production equipment (4.4%);
- manufacturing of aerospace and defense equipment and systems (3.2%);
- manufacturing of custom designed equipment and systems for core industries (2.7%): equipment and systems for the fertilizer, refining, petrochemical, chemical, oil and gas, thermal and nuclear energy industries;
- other (4%): manufacturing of industrial machines and products (industrial valves, welding machines, building equipment, etc.), production of concrete, real estate development, etc.
Net sales are distributed geographically as follows: India (80.1%), Saudi Arabia (3.6%), United Arab Emirates (2.2%), Qatar (2.1%), Kuwait (1.6%) and other (10.4%).
LARSEN & TOUBRO LIMITED 
