LARSEN & TOUBRO LIMITED (ANAGRAM)

REVENUE & PROFITABILITY RISE LED BY EFFICIENT EXECUTION OF LARGE PROJECTS.

During FY09, company reported a revenue of Rs. 40187 crore as against Rs.29198 Crore and Net Profit increase by 63% to Rs 3756 crore (incl extraordinary income)

Core EBIDTA margin stood at 11.6% V/s 11.8. Adj. NPM stood at 9.35% v/s 7.88% due to institutionalized risk management processes, efficient cost management and speedy execution.

SEGMENTAL PERFORMANCES

ENGINEERING & CONSTRUCTION (E&C) SEGMENT

Bucking the current industry down turn:- The core infrastructure and industrial sectors have attracted sizeable investment in the recemt times, driven by sound fiscal and economic policies of the government. The E&C segment reported a significant growth in its Order Inflows during FY09 at Rs 45418 crore, a growth of 28% on YoY basis. Share of internatinal order stood at 14.5% of the segment order inflow.

Electrical & Electronics Segment:- Electrical & Electronics segment reported a muted growth in its sales. The segment reported revenues at Rs 2778 crore for the year, a growth of 4% compared to the previous year. Revenue growth was impacted by slowdown & industrial segment. EBIDTA Margin took a cut & was down at 13.3% v/s 16.9%, lower by 360 bps.

Machinery & Industrial Products Segment:- Overall slow down in Industrial & real estate sector in H209 has adversely revenue and profitability were muted during the year. The segment posted Net revenues of Rs.2397 crore, registering a growth of 3%. EBIDTA margin increase to 20% v/s 18.9%, increase by 110 bps. Improvement in margin due to rupee depreciation.

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