Below are the financial statements of Larsen and Toubro, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of INR | 2025 | 2024 |
|---|---|---|
| Income | — | — |
| Revenue from operations | 2,557.34a | 2,211.13a |
| Other income (net) | 41.25a | 41.58a |
| Total income | 2,598.59a | 2,252.71a |
| Expenses | — | — |
| Manufacturing, construction and operating expenses | -1,709.73a | -1,460.29a |
| Cost of raw materials and components consumed | -276.55a | -194.42a |
| Construction materials consumed | -635.26a | -548.14a |
| Purchase of stock-in-trade | -14.02a | -10.64a |
| Stores, spares and loose tools consumed | -43.93a | -44.32a |
| Sub-contracting charges | -405.71a | -350.54a |
| Changes in inventories of finished goods, work-in-progress, stock-in-trade and property development | -4.11a | -10.21a |
| Other manufacturing, construction and operating expenses | -275.34a | -244.86a |
| Finance cost of financial services business and finance lease activity | -63.02a | -57.15a |
| Employee benefits expense | -467.69a | -411.71a |
| Sales, administration and other expenses | -115.58a | -104.19a |
| Finance costs | -33.34a | -35.46a |
| Depreciation, amortisation, impairment and obsolescence | -41.21a | -36.82a |
| Total expenses | -2,367.55a | -2,048.47a |
| Profit before exceptional items and tax | 231.04a | 204.24a |
| Exceptional items before tax (net) [gain/(loss)] | 4.75a | 1.14a |
| Tax expense on exceptional items | — | — |
| Current tax | 0a | -0.21a |
| Deferred tax | 0a | 0a |
| Exceptional items (net of tax) | 4.75a | 0.94a |
| Profit before tax | 235.79a | 205.17a |
| Tax expense | — | — |
| Current tax | -61.01a | -51.28a |
| Deferred tax | -2.09a | -1.8a |
| Profit after tax | 176.87a | 155.7a |
| Share in profit/(loss) after tax of joint ventures/associates (net) | -0.14a | -0.23a |
| Profit for the period | 176.73a | 155.47a |
| Profit for the period attributable to | — | — |
| Owners of the company | 150.37a | 130.59a |
| Non-controlling interests | 26.36a | 24.88a |
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