Tools · LT.NS

Larsen & Toubro Limited, taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Larsen & Toubro Limited’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Larsen & Toubro Limited annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2026FY2025FY2024FY2023
Revenue₹2.84 L Cr₹2.54 L Cr₹2.19 L Cr₹1.82 L Cr
Cost of revenue₹1.93 L Cr₹1.71 L Cr₹1.46 L Cr₹1.17 L Cr
Gross profit₹91,176 Cr₹83,040 Cr₹72,903 Cr₹65,046 Cr
Operating expenses₹64,106 Cr₹56,562 Cr₹51,172 Cr₹45,545 Cr
Operating income₹27,071 Cr₹26,478 Cr₹21,731 Cr₹19,501 Cr
Net income₹16,084 Cr₹15,037 Cr₹13,059 Cr₹10,471 Cr
Diluted EPS116.88109.2893.8874.45

Net income moved +53.6% across these years while earnings per share moved +57.0% — more than the profit itself, because the share count changed. Profit split fewer ways is not the same as more profit.

The rest of the engine

The panels above are built from filings. These run against the live engine.