Accelerating Development. Powering Growth.

UNAUDITED STAND-ALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2010
Rs. Lakh 3 months ended June 30 2010 2009 Year ended March 31 2010 (Audited)

Segment-wise Revenue, Result and Capital Employed in terms of Clause 41 of the listing agreement:
Particulars 3 months ended June 30 2010 2009

Rs. Lakh Year ended March 31 2010 (Audited)

Particulars

2 3 4 a) b)

c) d) e)

Gross Sales / Revenues from Operations Less: Excise Duty Net Sales / Revenues from Operations Other Operational Income Total Income (1+2) Expenditure: (Increase) / decrease in stock-in-trade and work-in-progress i) Consumption of raw materials ii) Sub-contracting charges iii) Construction materials iv)Purchase of traded goods v) Other manufacturing / operating expenses Employee cost Sales, administration and other expenses Depreciation, amortisation and obsolescence Total Expenditure Profit from Operations before Other Income, Interest & Exceptional Items (3-4) Other Income Profit before Interest & Exceptional Items (5+6) Interest expenses Profit after Interest but before Exceptional Items (7-8) Exceptional item ( See Note no. i) Profit from Ordinary Activities before Tax (9+10) Provision for Taxes: Provision for Current Tax Provision for Deferred Tax Total Provision for Taxes Profit After Tax from Ordinary Activities (11-12) Extraordinary items [net of tax] Profit After Tax (PAT) (13+14) Paid-up equity share capital (Face value of share:Rs. 2 each) Reserves excluding revaluation reserve Earnings Per Share (EPS) - not annualised: Basic EPS before Extraordinary Items (Rupees) Diluted EPS before Extraordinary Items (Rupees) (See Note no. i) Basic EPS after Extraordinary Items (Rupees) Diluted EPS after Extraordinary Items (Rupees) Debt Service Coverage Ratio (DSCR) (No.of times) Interest Service Coverage Ratio (ISCR) (No.of times) Aggregate of Public Shareholding: - Number of Shares ('000s) - Percentage of Shareholding Promoters and promoter group shareholding (See Note no.v) Profit after Tax from normal operations (i.e. excluding exceptional and extraordinary item)

791295 7785 783510 5021 788531

743085 6814 736271 4558 740829

3699593 32078 3667515 35965 3703480

(29476) 168038 166811 179344 44429 65254 56325 37101 11415 699241

26105 163988 186967 120024 27496 48645 51148 33465 9373 667211

42299 785430 866175 747808 157428 246215 237914 138656 41460 3263385

Gross Segment Revenue 1 Engineering & Construction 2 Electrical & Electronics 3 Machinery & Industrial Products 4 Others Total Less: Inter-segment revenue Net Segment Revenue Segment Result (Profit before Interest and Tax) Engineering & Construction Electrical & Electronics Machinery & Industrial Products Others Total Less: Segment margins on internal capitalisation Less: Interest expenses Add: Unallocable corporate income net of expenditure Profit Before Tax (PBT) Capital Employed (Segment assets less Segment liabilities) 1 Engineering & Construction 2 Electrical & Electronics 3 Machinery & Industrial Products 4 Others Total capital employed in Segments Unallocable corporate assets less corporate liabilities Total Capital Employed 1 2 3 4

664382 74512 54820 12203 805917 9601 796316

657291 57585 43697 7711 766284 18641 747643

3231577 298654 221953 36456 3788640 53082 3735558

5 6 7 8 9 10 11 12 a) b) 13 14 15 16 17 18 19 20 21 22 23 24

89290 22676 111966 14234 97732 97732 31105 10 31115 66617 66617 12063

73618 22476 96094 10959 85135 101988 187123 26491 812 27303 159820 159820 11725

440095 91025 531120 50531 480589 107478 588067 164425 (338) 164087 423980 13572 437552 12044 1814282

81666 7376 11300 3349 103691 518 14234 8793 97732

69916 6803 9536 420 86675 859 10959 112266 187123

409501 39419 45190 4434 498544 5835 50531 145889 588067

709213 110860 17614 20276 857963 1852984 2710947

684495 115112 29429 21538 850574 1229716 2080290

629067 113176 22400 20348 784991 1733995 2518986

11.05 10.87 11.05 10.87

27.28 26.83 27.28 26.83

71.49 70.15 73.77 72.39 4.86 10.51

Notes: 1 Segments have been identified in accordance with Accounting Standard (AS) 17 on Segment Reporting, considering the risk / return profiles of the businesses, their organisational structure and the internal reporting systems. 2 Segment definitions: Engineering & Construction comprises execution of engineering and construction projects to provide solutions in civil, mechanical, electrical and instrumentation engineering (on turnkey basis or otherwise) to core / infrastructure sectors including railways, ship building and supply of complex plant and equipment to core sectors. Electrical & Electronics include manufacture and/or sale of low and medium voltage switchgear, switchboards, energy metering protection systems, control & automation and medical equipment. Machinery & Industrial Products comprise industrial machinery & equipment, marketing of industrial valves, construction equipment and welding / industrial products. Others include property development and integrated engineering services. 3 Segment Revenue comprises Sales & Operational Income allocable specifically to a segment. Unallocable expenditure mainly includes expenses incurred on common services provided to segments and other corporate expenses. Unallocable income primarily includes interest income, dividends and profit on sale of investments. Corporate assets mainly comprise investments. 4 In the Engineering & Construction segment, sales and margins do not accrue uniformly during the year. Hence the operational / financial performance of aforesaid segment can be discerned only on the basis of figures for the full year.

584465 96.90% Nil 66617

568116 96.91% Nil 57832

585993 97.31% Nil 318456

25 26

Notes : i. Exceptional item for the quarter ended June 30, 2009 represented gain of Rs.101988 lakh on sale of the Company's long term investment in UltraTech Cement Limited. During the current quarter ended June 30, 2010, the Company does not have any such exceptional gain. Excluding the exceptional gain, the basic and diluted earnings per share ["EPS"] worked out to Rs.9.87 and Rs.9.71 for the quarter ended June 30, 2009 vis--vis Rs.11.05 and Rs.10.87 for the quarter ended June 30, 2010, respectively. ii. The Company, during the quarter ended June 30, 2010, has allotted 971714 equity shares of Rs. 2 each, fully paid up, on exercise of stock options by employees, in accordance with the Company's stock option schemes. iii. Figures for the previous periods have been re-grouped / re-classified to conform to the figures of the current period. iv. There were no pending investor complaints as on April 1, 2010. During the quarter ended June 30, 2010, 15 complaints were received and resolved. v. The promoters and promoter group shareholding is nil and accordingly the information on shares pledged / encumbered is not applicable. vi. The results for the quarter ended June 30, 2010 have been subjected to Limited Review by the Statutory Auditors, reviewed by the Audit Committee, and approved by the Board of Directors at its meeting held on July 27, 2010.

Technology Engineering Construction Manufacturing

for LARSEN & TOUBRO LIMITED Mumbai July 27, 2010 A. M. NAIK Chairman & Managing Director

Visit www.Larsentoubro.com Regd. Office : L&T House, Ballard Estate, Mumbai 400 001