L&T Standalone Financials

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DERCRIPTION 2008-2009 2007-2008 2006-2007 2005-2006

PROFIT AND LOSS ACCOUNT


Gross sales & service 34045 25187 17901 14966
Other Income 1020 676 522 519
Gross Revenues 35065 25863 18423 15485
Net sales & service 33647 24855 17567 14735
Profit before Depreciation, interest and Tax [PBDIT] 4425 3318 2186 1424
(excluding extraordinary/exceptional items)
Profit before Tax [PBT] 3940 3068 1982 1235
(excluding extraordinary/exceptional items)
Profit after Tax [PAT] 2709 2099 1385 863
(excluding extraordinary/exceptional items)
Extraordinary items (net of tax) 773 nil nil 70
Exceptional items (net of tax) nil 74 18 79
Profit after Tax [PAT] 3482 2173 1403 1012
Dividend includingdividend distribution tax 720^ 572 428 349

BALANCE SHEET
Share Capital 117 58 57 27
Reserves 12343 9497 5711 4613
Net Worth 12460 9555 5768 4640
Deferred Tax Liabilty 48 61 40 77
Loan Funds 6556 3584 2078 1454
Capital Employed 19064 13200 7886 6171
Net Fixed Assets 5195 3645 2225 1605
Investments 8262 6922 3104 1920
Net Working Capital [NWC] 5605 2630 2547 2625
Miscellaneous expenditure (to the extent not written off) nil 3 10 21

RATIOS AND STATISTICS


PBDIT as % of total income @ 12.83 13.08 12.14 9.45
PAT before extraordinary/exceptional items as % of 7.81 8.25 7.67 5.69
total income $
ROCE % * 17.55 20.58 20.15 16.05
RONW % ** 24.67 28.21 26.84 21.88
Gross Debt:Equity ratio 0.53:1 0.38:1 0.36:1 0.32:1
NWC as % of gross sales & service 16.47 10.44 14.23 17.54
Current ratio 1.31 1.19 1.27 1.38
Basic earnings per equity share (Rs.) # 59.5 37.8 25.11 19.02
Book value per equity share (Rs.) 212.31## 325.9 202.28## 334.01

No. of equity shareholders 9,31,362 578,177 4,28,504 3,27,778


No of employees 37,357 31,941 27,191 23,148
^ Include dividend distribution tax of Rs.2.69 crore paid by a direct susidiary company for which set off was available by
permitted under the Income Tax Act.
@ PBDIT as % of total income [(PBDIT excluding extraorinary/exceptional items)/(total income excluding extraordinary/e
interest income)].
$ PAT before extraordinary/exceptional items as % of total income [(PAT excluding extraordinary/exceptional items)/[(to

extraordinary /exceptional items)].


* ROCE [(PAT before extraordinary/exceptional items + interest - tax on interest )/(average capital employed excluding r
miscellaneous expenditure)].
** RONW [PAT before extraordinary/exceptional items)/(average net worth excluding revaluation reserve and miscellaneo
# Basic earnings per equity share has been calculated including extraordinary/exceptional items and adjusted for all t
issue in the ratio of 1:1 in the current year.
## After considering issue of bonus shares in the ratio of 1:1 during the respective years.
STANDALONE FINANCIALS - 10 YEAR HIGHLIGHTS
2004-2005 2003-2004 2002-2003 2001-2002 2000-2001 1999-2000

13255 9807 9870 8167 7825 7424


732 461 302 277 310 242
13987 10268 10172 8444 8135 7666
13050 9561 9360 7726 7390 6956
1081 890 999 1042 1013 995

933 769 510 401 339 369

631 533 433 347 315 329

nil nil nil nil nil 13


353 nil nil nil nil nil
984 533 433 347 315 342
407 225 211 174 178 180

26 25 249 249 249 248


3343 2750 3314 3095 3751 3616
3369 2775 3563 3344 4000 3864
95 114 841 853 nil nil
1859 1324 3176 3463 4263 3974
5323 4213 7580 7660 8263 7838
1083 1015 4056 4264 4671 4589
961 966 1160 918 813 774
3238 2185 2300 2413 2735 2439
41 47 64 65 44 36

8.08 8.94 10.39 13.12 13.33 13.94


4.7 5.32 4.48 4.34 4.09 4.57

14.17 13.52 7.27 6.84 6.74 7.38


21.05 20.66 12.91 9.69 8.18 8.85
0.56:1 0.49:1 0.92:1 1.07:1 1.09:1 1.05:1
24.43 22.28 23.3 30.42 34.95 32.85
1.58 1.47 1.58 1.81 2.11 2.07
19.41 10.71 8.71 6.98 6.34 6.87
253.91 216.74 139.15 130.25 157.31 152.13

3,23,908 3,65,824 4,90,628 5,09,922 5,13,562 6,05,031


19,848 18,996 21873 22,922 23,988 24,448
h set off was available by the parent company as

excluding extraordinary/exceptional items and

ry/exceptional items)/[(total income excluding

pital employed excluding revaluation rererve and

n reserve and miscellaneous expenditure)].


ms and adjusted for all the years for bonus

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