Aboutthe Compan

8/12/2019 Aboutthe Compan

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14

STANDALONE FINANCIALS-10 YEAR HIGHLIGHTS

`croreDescription 2010-2011 2009-2010 2008-2009 2007-2008 2006-2007 2005-2006 2004-2005 2003-2004 2002-2003~ 2001-2002~

Profit and Loss AccountGross sales & service 43886 36996 34045 25187 17901 14966 13255 9807 9870 8167

Other income 1852 2385 1032 676 522 519 732 461 302 277

Gross revenues 45738 39381 35077 25863 18423 15485 13987 10268 10172 8444

Net sales & service 43496 36675 33647 24855 17567 14735 13050 9561 9360 7726

PBDIT^^ 6817 5726 4662 3403 2245 1480 1115 945 1047 1102

Profit before tax (excludingextraordinary/exceptional items)

5571 4806 3940 3068 1982 1235 933 769 510 401

Profit after tax (excludingextraordinary/exceptional items) 3676 3185 2709 2099 1385 863 631 533 433 347

Extraordinary items (net of tax) 71 136 773 70

Exceptional items (net of tax) 211 1055 74 18 79 353

Profit after tax (PAT) 3958 4376 3482 2173 1403 1012 984 533 433 347

Dividend including dividend distribution tax 1030^ 880^ 720 572 428 349 407 225 211 174

Balance SheetShare capital 122 120 117 58 57 27 26 25 249 249

Share application money 25

Reserves 21724 18167 12343 9497 5711 4613 3343 2750 3314 3095

Net worth 21846 18312 12460 9555 5768 4640 3369 2775 3563 3344

Deferred tax liability (net) 263 77 48 61 40 77 95 114 841 853

Loan funds 7161 6801 6556 3584 2078 1454 1859 1324 3176 3463

Capital employed 29270 25190 19064 13200 7886 6171 5323 4213 7580 7660

Net fixed assets 7458 6366 5195 3645 2225 1605 1083 1015 4056 4264

Investments 14685 13705 8264 6922 3104 1920 961 966 1160 918

Net working capital (NWC) 7128 5119 5605 2630 2547 2625 3238 2185 2300 2413

Miscellaneous expenditure

(to the extent not writtenoff)

3 10 21 41 47 64 65

Ratios and statisticsPBDIT incl. other income as % of total income @ 15.12 15.09 13.44 13.37 12.43 9.75 8.30 9.43 10.84 13.76

PAT excluding extraordinary/exceptional items as% of total income $ 8.15 8.39 7.81 8.25 7.67 5.71 4.70 5.32 4.48 4.34

ROCE % * 15.10 15.92 18.52 21.12 20.71 16.70 14.63 14.40 7.65 7.47

RONW % ** 18.33 20.73 24.67 28.21 26.84 21.88 21.05 20.66 12.91 9.69

Gross Debt:Equity ratio 0.33:1 0.37:1 0.53:1 0.38:1 0.36:1 0.32:1 0.56:1 0.49:1 0.92:1 1.07:1

NWC as % of gross sales & service 16.24 13.84 16.47 10.44 14.23 17.54 24.43 22.28 23.30 30.42

Current ratio 1.26 1.24 1.34 1.19 1.27 1.38 1.58 1.47 1.58 1.81

Basic earnings per equity share (`) # 65.33 73.77 59.50 37.80 25.11 19.02 19.41 10.71 8.71 6.98

Book value per equity share (`) ## 358.45 303.69 212.31 162.95 101.14 83.50 63.48 54.18 69.57 65.13

No. of equity shareholders 8,53,485 8,14,678 9,31,362 5,78,177 4,28,504 3,27,778 3,23,908 3,65,824 4,90,628 5,09,922

No. of employees 45,117 38,785 37,357 31,941 27,191 23,148 19,848 18,996 21,873 22,922

~ Figures for the years 20012002 and 20022003 include demerged cement business.

^^ Profit before depreciation, interest and tax [PBDIT] (excluding extraordinary/exceptional items) and including other income.

^ Includes dividend distribution tax of `30.39 crore for FY 20102011 and `14.77 crore for FY 20092010, paid by direct subsidiary companies for which set off was availedby the parent company as permitted under the Income Tax Act.

@ PBDIT including other income as % of total income [(PBDIT excluding extraordinary/ exceptional items)/(total income excluding extraordinary/exceptional items)].

$ PAT excluding extraordinary/exceptional items as % of total income [(PAT excluding extraordinary/exceptional items)/(total income excluding extraordinary/exceptionalitems)].

* ROCE [(PAT excluding extraordinary/exceptional items+interesttax on interest)/(average capital employed excluding revaluation reserve and miscellaneous expenditure)].

** RONW [(PAT excluding extraordinary/exceptional items)/(average net worth excluding revaluation reserve and miscellaneous expenditure)].

# Basic earnings per equity share has been calculated including extraordinary/exceptional items and adjusted for all the years for issue of bonus shares/restructuring duringthe respective years.

## After considering issue of bonus shares/restructuring during the respective years.


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CONSOLIDATED FINANCIALS 10 YEAR HIGHLIGHTS

`croreDescription 20102011 20092010 20082009 20072008 20062007 20052006 20042005 20032004 20022003~ 20012002~

Profit and Loss AccountGross sales & service 51978 43854 40608 29561 20700 16747 14599 11107 10857 9195Other income 1653 3050 916 684 1071 577 696 488 267 239

Gross revenues 53631 46904 41524 30245 21771 17324 15295 11595 11124 9434

Net sales & service 51552 43514 40187 29199 20336 16500 14379 10849 10327 8714

PBDIT^^ 8677 7198 5600 4097 3013 1904 1404 1271 1240 1341

Profit before tax (excluding extraordinary/exceptional items) 6527 5527 4344 3384 2510 1472 1052 921 469 414

Profit attributable to Group shareholders (excludingextraordinary/ exceptional items) 4238 3796 3007 2304 1810 1051 697 600 380 290

Extraordinary items (net of tax) 71 136 773 70

Exceptional items (net of tax and minorityinterest) 147 1519 9 21 430 196 353 147

Profit attributable to Group shareholders 4456 5451 3789 2325 2240 1317 1050 747 380 290

Dividend including dividend distribution tax 1030 880 720 572 428 349 407 225 211 174

Balance SheetShare capital 122 120 117 58 57 27 26 25 249 249

Share application money 25

Reserves 24929 20846 13871 10773 6865 4937 3290 2622 2968 2889

Net worth 25051 20991 13988 10831 6922 4964 3316 2647 3217 3138

Minority interest 1026 1087 1058 923 646 107 105 54 50 44

Loan funds 32829 22656 18400 12120 6200 3499 3454 2769 4701 4978

Deferred payment liabilities 4512 1951 1970 196 232

Deferred tax liability (net) 311 153 131 122 107 127 138 214 913 928

Capital employed 63729 46838 35547 24192 14107 8697 7013 5684 8881 9088

Net fixed assets 28165 18979 15618 8523 5440 2973 2215 2140 5539 5824

Investments 9216 9861 6805 5552 2478 1676 615 624 528 358

Loans & advances towards financing activities 17366 11176 7110 6161 2410 1012 406 375 323 218

Net working capital (NWC) 8982 6822 6014 3927 3762 3011 3736 2498 2392 2613

Miscellaneous expenditure(to the extent not writtenoff)

29 17 25 41 47 99 75

Ratios and statisticsPBDIT including other income as % of total income @ 16.37 16.09 13.63 13.73 14.41 11.32 9.54 11.21 11.70 14.98

PAT excluding extraordinary/exceptional items as% of total income $ 7.99 8.49 7.32 7.72 8.66 6.25 4.73 5.29 3.59 3.24

ROCE % * 12.24 13.48 14.47 16.94 20.99 17.62 14.92 14.01 7.16 6.82

RONW % ** 18.43 21.75 24.32 26.68 30.71 25.78 23.96 21.24 12.45 9.24

Gross Debt: Equity ratio 1.31:1 1.08:1 1.32:1 1.12:1 0.90:1 0.71:1 1.06:1 1.08:1 1.52:1 1.65:1

Net Debt: Equity ratio 0.86:1 0.51:1 0.84:1 0.57:1 0.44:1 0.49:1 0.89:1 0.76:1 1.27:1 1.53:1

NWC as % to gross sales 17.28 15.56 14.81 13.28 18.17 17.98 25.59 22.49 22.03 28.41

Current ratio 1.29 1.29 1.31 1.25 1.36 1.40 1.64 1.50 1.55 1.79

Basic earnings per equity share (`) # 73.56 91.90 64.76 40.44 40.10 24.75 20.70 15.01 7.65 5.83Book value per equity share (`) ## 410.95 348.06 238.27 184.31 121.39 89.36 62.44 51.58 61.99 60.82

~ Figures for the years 20012002 and 20022003 include demerged cement business.

^^ Profit before depreciation, interest and tax [PBDIT] (excluding extraordinary/exceptional items) and including other income.

@ PBDIT as % of total income [(PBDIT excluding extraordinary/exceptional items)/(total income excluding extraordinary/exceptional items)].

$ PAT excluding extraordinary/exceptional items as % of total Income [(PAT excluding extraordinary/exceptional items)/(total income excluding extraordinary/exceptionalitems)].

* ROCE [(profit available for appropriation excluding extraordinary/exceptional items+minority interest+interesttax on interest)/(average capital employed excluding revaluationreserve, miscellaneous expenditure, borrowed funds of financial services business and deferred payment liabilities)].

** RONW [(profit available for appropriation excluding extraordinary/exceptional items)/(average net worth excluding revaluation reserve and miscellaneous expenditure)].

# Basic earnings per equity share has been calculated including extraordinary/exceptional items and adjusted for all the years for issue of bonus shares/restructuring during therespective years.

## After considering issue of bonus shares/restructuring during the respective years.


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17901

25187

34045

36996

43886

19.6

40.7

35.2

8.7

18.6

0

10

20

30

40

50

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

Sales Percentage growth over previous year

`

crore

Percentage

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

`

crore

1766

2831

5070

6678 6981

22.3

26.0

10.5 10.5 9.6

0

10

20

30

40

50

0

1000

2000

3000

4000

5000

6000

7000

Average loan funds Interest coverage ratio

Numberoftimes

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

`

crore

1915

2935

4420

5780

6912

9.3

8.6 7.7 6.4 6.3

0

10

20

30

40

50

0

1000

2000

3000

4000

5000

6000

7000

Average net fixed assets Fixed asset turnover ratio

Numberoftimes

L&T - ORDER INFLOW

L&T - PBDIT AS % OF TOTAL INCOME

L&T - PAT AND EPS

L&T - SALES

L&T - INTEREST COVERAGE RATIO

L&T - FIXED ASSET TURNOVER RATIO

30611

42019

51621

69572

79769

36.8

37.3

22.9

34.8

14.7

9.6 9.36.8 8.0 8.5

0

10

20

30

40

0

10000

20000

30000

40000

50000

60000

70000

80000

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

Order inflow

Percentage growth over previous year

GDP growth

Percentage

`

crore

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

`

crore

2245

3403

4662

5726

6817

12.4

13.4 13.4

15.115.1

10

12

14

16

18

20

0

1000

2000

3000

4000

5000

6000

7000

PBDIT PBDIT as % of total income

Percentage

Total income and PBDIT exclude exceptional/extraordinary items

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

1403

2173

3482

4376

3958

25.11

37.80

59.50

73.77

65.33

0

15

30

45

60

75

0

1000

2000

3000

4000

5000

PAT EPS

Including extraordinary/exceptional items

`

crore

`


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Total customer sales `43886 crore

Engineering &Construction

`37550 crore(86%)

Electrical& Electronics`2987 crore

(7%)

Machinery &IndustrialProducts

`2699 crore(6%)

Others`650 crore

(1%)

0

5

10

15

20

25


Electrical &Electronics


Others

12.8

15.8

18.3

8.7

12.8 12.7

19.6

6.2

13.6 14.5

21.2

14.213.6

15.6

20.2 19.7

2007-2008 2008-2009 2009-2010 2010-2011

Percentage

*Earnings before interest, tax, depreciation and amortisationas percentage of gross segment revenue

20700

29561

40608

43854

51978

1810

2304

3007

3796

4238

1200

2400

3600

4800

5000

15000

25000

35000

45000

55000

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011

Sales PAT

`

crore

`

crore

PAT excludes extraordinary/exceptional items

L&T - SEGMENT-WISE ORDER INFLOW 2010-2011

L&T - SEGMENT-WISE RESULT 2010-2011

L&T - SECTOR-WISE ORDER BOOK AS AT MARCH 31, 2011

L&T - SEGMENT-WISE SALES 2010-2011

L&T - SEGMENT-WISE EBITDA MARGINS*

L&T CONSOLIDATED SALES AND PAT


`73013 crore(91%)

Total order inflow `79769 crore

Electrical& Electronics`3261 crore

(4%)


`2869 crore(4%)

Others`626 crore

(1%)

Total segment result `5820 crore

Engineering &Construction`4772 crore

(82%)Electrical

& Electronics`399 crore

(7%)


`531 crore(9%)

Others`118 crore

(2%)

Power`42315 crore

(32%)

Hydrocarbon`15112 crore

(12%)

Process`20337 crore

(16%)

Infrastructure`46920 crore

(36%)

Others`5533 crore

(4%)

Total order book `130217 crore


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