Larsen & Toubro Limited Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 28, 2017 at 04:10 am
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Larsen & Toubro Limited reported unaudited consolidated earnings results for third quarter and nine months ended December 31, 2016. For the quarter the company reported total income from operations was INR 262,869.8 million against INR 259,280.7 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 18,004.1 million against INR 17,580.7 million a year ago. Profit before tax was INR 16,784.7 million against INR 15,948.4 million a year ago. Net profit after tax was INR 12,386.2 million against INR 10,824.7 million a year ago. Diluted per share was INR 10.4 against diluted per share of INR 7.49 a year ago.
For the nine months ended 2016, the company reported total income from operations was INR 731,829.9 million against INR 690,998.5 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 50,650.8 million against INR 45,191.4 million a year ago. Profit before tax was INR 54,531.5 million against INR 41,950.7 million a year ago. Net profit after tax was INR 37,837.7 million against INR 27,197.5 million a year ago. Diluted per share was INR 32.25 against diluted per share of INR 20.29 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%).