Larsen & Toubro Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 04:30 pm IST
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Larsen & Toubro Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the third quarter on standalone basis, the company reported revenue from operations of INR 177,157.3 million compare to INR 159,462.0 million a year ago. Total income was INR 181,619.5 million compare to INR 164,752.9 million a year ago. Profit before exceptional item was INR 15,232.7 million compare to INR 12,269.0 million a year ago. Profit before tax was INR 15,800.7 million compare to INR 12,269.0 million a year ago. Net profit after tax was INR 12,218.9 million or INR 8.67 per diluted share compare to INR 9,341.8 million or INR 6.66 per diluted share a year ago.
For the third quarter on consolidated basis, the company reported revenue from operations of INR 287,474.5 million compare to INR 262,869.7 million a year ago. Total income was INR 289,603.6 million compare to INR 265,612.5 million a year ago. Profit before exceptional item was INR 25,399.3 million compare to INR 16,784.0 million a year ago. Profit before tax was INR 25,261.8 million compare to INR 16,784.0 million a year ago. Net profit after tax attributable to the owner of the company was INR 14,899.8 million or INR 10.57 per diluted share compare to INR 9,724.0 million or INR 6.93 per diluted share a year ago.
For the nine months on standalone basis, the company reported revenue from operations of INR 476,617.1 million compare to INR 428,017.0 million a year ago. Total income was INR 491,717.8 million compare to INR 444,194.9 million a year ago. Profit before exceptional item was INR 36,377.2 million compare to INR 31,630.3 million a year ago. Profit before tax was INR 38,694.3 million compare to INR 50,180.8 million a year ago. Net profit after tax was INR 29,419.4 million or INR 20.95 per diluted share compare to INR 41,996.6 million or INR 29.93 per diluted share a year ago.
For the nine months on consolidated basis, the company reported revenue from operations of INR 791,840.0 million compare to INR 731,829.9 million a year ago. Total income was INR 801,622.8 million compare to INR 741,757.9 million a year ago. Profit before exceptional item was INR 66,034.1 million compare to INR 50,507.2 million a year ago. Profit before tax was INR 67,264.1 million compare to INR 54,531.5 million a year ago. Net profit after tax attributable to the owner of the company was INR 42,023.9 million or INR 29.93 per diluted share compare to INR 30,166.4 million or INR 21.50 per diluted share 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%).