Larsen & Toubro Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 30, 2023 at 05:35 am EST
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Larsen & Toubro Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 432,378.6 million compared to INR 365,923.7 million a year ago. Revenue was INR 471,447.5 million compared to INR 401,343.1 million a year ago. Net income was INR 25,529.2 million compared to INR 20,547.4 million a year ago. Basic earnings per share was INR 18.17 compared to INR 14.63 a year ago. Diluted earnings per share was INR 18.15 compared to INR 14.61 a year ago.
For the nine months, sales was INR 1,155,469.6 million compared to INR 946,628.7 million a year ago. Revenue was INR 1,271,938.2 million compared to INR 1,054,220.4 million a year ago. Net income was INR 64,839.4 million compared to INR 50,486.3 million a year ago. Basic earnings per share was INR 46.14 compared to INR 35.94 a year ago. Diluted earnings per share was INR 46.1 compared to INR 35.9 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 
