Investor Presentation

Feb, 2014
Disclaimer
This presentation contains certain forward looking statements concerning L&Ts future
business prospects and business profitability, which are subject to a number of risks
and uncertainties and the actual results could materially differ from those in such
forward looking statements.
The risks and uncertainties relating to these statements include, but are not limited to,
risks and uncertainties regarding fluctuations in earnings, our ability to manage growth,
competition (both domestic and international), economic growth in India and the
target countries for exports, ability to attract and retain highly skilled professionals,
time and cost over runs on contracts, our ability to manage our international
operations, government policies and actions with respect to investments, fiscal
deficits, regulations, etc., interest and other fiscal costs generally prevailing in the
economy. Past performance may not be indicative of future performance.
The company does not undertake to make any announcement in case any of these
forward looking statements become materially incorrect in future or update any
forward looking statements made from time to time by or on behalf of the company.

2
Q3 / 9M
FY14
Presentation Outline
3
L&T Overview
Business Overview
Financial Performance
Outlook
L&T
Q3 / 9M
FY14
Presentation Outline
4
L&T
L&T Overview
Business Overview
Financial Performance
Outlook
L&T - At a Glance
5
Indias largest E&C company with interests in Projects, Infrastructure
Development, Manufacturing, IT & Financial Services
Professionally
Managed
Company
FY 13 Group
Revenues:
`745 Bn
(US$ 13.7 Bn)
Market Cap
(27
th
Jan):
`908 Bn
(US$ 14.4 Bn)
Credit Ratings
CRISIL:
AAA/Stable
ICRA:
AAA(Stable)
L&T - At a Glance
6
Note: Market Cap as on 27
th
January 2014: ` 908 Bn

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L&T Market Cap (Amt. ` Bn)
L&T Shareholding Pattern
Govt.
Financial
Institutions
& Insurance
Companies,
30.3%
Foreign
Holdings &
GDR,
20.7%
Individuals,
23.7%
L&T
Employee
Welfare
Foundation,
12.1%
Mutual Funds
& Pvt.
Insurance
Cos.,
10.6%
Others,
2.6%
31
st
Dec
2013
Listed with BSE & NSE
GDRs listed with LSE and LuxSE
L&T is one of the most widely held listed companies in India
No promoter holding
Uninterrupted Dividend payment record since 1946
Major Shareholders % Shares
Life Insurance Corporation of India 17.1%
L&T Employee Welfare Foundation 12.1%
Administrator of the SUUTI 8.2%
General Insurance Corp. of India 2.0%
HDFC Trustee Company Limited 1.4%
7
Experienced Management Team
8
A M Naik
Group Executive Chairman
BE [Mech]
Joined L&T in March 1965
Diverse and vast experience
in general management,
Technology and E&C
M V Kotwal
Whole-time Director &
President (Heavy Engineering)
BE [Mech], Univ. of Bombay
Joined L&T in October 1968
Vast experience in Heavy
Engineering business
including manufacture of
critical equipment for
Nuclear Power & Space
Research Program
S. N. Subrahmanyan
Whole-time Director & Sr.
Executive Vice President
(Construction & Infrastructure)
B.SC ENGG (CIVIL), MBA
(Finance)
Joined L&T in November
1984
Vast experience in
Design, Engineering and
Construction Industry
K Venkataramanan
Chief Executive Officer
& Managing Director
BE [Tech] IIT, Delhi
Joined L&T in June 1969
Vast experience in
product engineering and
project management
R Shankar Raman
Whole-time Director &
Chief Financial Officer
B.Com, ACA, CWA
Joined L&T Group in
November 1994
Vast experience in
Finance, Taxation,
Insurance, Risk
Management, Legal and
Investor Relations
Shailendra Roy
Whole-time Director & Sr.
Executive Vice President
(Corporate Affairs & Power)
BE (Tech)
Joined L&T in 2004
Vast experience in
Thermal Power Business
Corporate Governance
9
Four-tier Governance Structure
L&Ts essential character revolves around values based on transparency,
integrity, professionalism and accountability

Board
of Directors
Executive Management
Committee (EMC)
Independent Company (IC) Board
Strategic Business Group (SBG) / Business Unit (BU)
Journey Towards Excellence
10

Divested non - core business
(Cement, Tractor, Glass,
RMC, PDP, Medical)
Capacity expansion & TAMCO
acquisition
Entry into new ventures (MHI
JVs, Shipbuilding, Forging)
Tie-up with tech majors in
defence and nuclear power
Foray into power generation
Listing of Financial Services
Significant ramp up of
Concessions Business
Expansion of IT & Engg.
Services business
Reorganisation into ICs
Acquisition of 100%
ownership in Audco / L&T
Komatsu / EWAC Alloys
Demerged Hydrocarbon
business into a separate
wholly owned subsidiary
Restructuring for Value
Creation (2000-13)

Entered into IT,
Financial services and
Infrastructure
Concessions business
Entered into
Engineering JVs with
technology majors
Emerged as Indias
largest integrated
E&C company
Expansion through
internationalisation
Developed road map
for portfolio
restructuring

Expansion &
Consolidation
(1990-2000)

Emerged as leading &
acclaimed
engineering
contractors
Commenced
production of tractor
undercarriages,
valves, welding
components, earth-
moving equipment
and cement
Established
fabrication facility
and yard on the
waterfront at Hazira
for Hydrocarbon
business

Seeds of Growth
(1960-90)

1938: Formed as a
partnership
1952: Listed on BSE
Commenced trading
& making dairy
equipment,
fabrication serv.,
war-time ship repair
Entered construction
business thro
acquisition of ECC
Started switchgear
business
The Beginnings
(1938-60)
L&Ts Sustainability Initiative
11
The L&T Sustainability Report 2013 is a GRI Checked , Externally Assured, Application Level A+ report.
Climate Change
Carbon footprint
mapping
Energy
Conservation
Water
Conservation
Material
Management
Community
Sustainability Thrust Areas
Safety
Accolades
One of the 9 Indian
companies featuring in Dow
Jones Sustainability
Emerging Markets Indices
Newsweek ranks L&T 4th
Globally in list of Greenest
Industrial Companies
Rank (EIO, UK): 1
st

in India and among
top 12 in BRICS
One of the 7 Indian
companies to feature in
Global Report (CDP 500)
2013
Sustainability Environment Management
12
Green Buildings
L&Ts own 1.96 million sq. ft.
Constructed for Clients 25.4 million sq. ft.
Green Energy
L&Ts own 8.7 MW wind farm in South
India
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10.59
8.69
8.3
7.82
7.57 7.55
Direct Green House Gas
emissions (Tons/employee)
28.7%
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170.49
133.12
128
122.36
116.73
113.79
Energy consumption
(GJ/employee)
33.3%
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Water consumption (m
3
/year) 20.1%
GJ: Giga Joules
19 L&T Campuses across India have
adopted zero wastewater discharge
approach
Sustainability Social Measures
13
Thrust Areas
No. of
Beneficiaries
(2012-13)
Education 221,700
Skill Building 52,207
Healthcare-Mother
and Child
427,626
Total 701,533
Since inception in 1995, the CSTIs,
along with our institutionalized
site-based training programmes,
have empowered 200,000+ youth
out of which 20,602 youth were
trained during the reporting year
Construction Skills
Training Institute (CSTI)
Healthcare: Mother
& Child
Seven full-fledged centers
are operational across
India and together they
provide healthcare
services to over 200,000
people
Q3 / 9M
FY14
Presentation Outline
14
L&T
L&T Overview
Business Overview
Financial Performance
Outlook
L&T Sectoral Presence
15
Infrastructure
Hydrocarbon
Power
Metallurgical, Material Handling & Others
E&C Delivery Platform
16
Single point responsibility for turnkey solutions
Design
&
Engineering

Manufacture
&
Fabrication



EPC Projects
Construction


One of Asias largest vertically integrated E&C Companies
Quality Customer Mix
17
MIAL
Indian Coastguard
Multiple Alliances & Joint Ventures
18
Alliances
Pre qualifications
Note: Some of these are project specific alliances & pre qualifications
Joint Ventures
Befula Investments
L&Ts Business Structure
* These are not separate legal entities
LARSEN & TOUBRO LTD.
BUSINESS VERTICALS
INDEPENDENT COMPANIES (ICs)*
SUBSIDIARIES &
ASSOCIATES
BUILDINGS & FACTORIES
TRANSPORTATION INFRASTRUCTURE
METALLURGICAL & MATERIAL
HANDLING
POWER T&D
HEAVY ENGINEERING
SHIPBUILDING

ELECTRICAL & AUTOMATION

POWER
MACHINERY & IND. PRODUCTS
FINANCIAL SERVICES
L&T INFOTECH
INFRASTRUCTURE SPVs (BOTs)
MHI JVs (Boilers & Turbine Mfg.)
HEAVY CIVIL INFRASTRUCTURE
WATER & RENEWABLE ENERGY
OTHER MANUFACTURING &
FABRICATION SUBSIDIARIES
SERVICES AND OTHER
SUBSIDIARIES & ASSOCIATES
19
** Demerged from L&T Parent
w.e.f. April 1, 2013
L&T HYDROCARBON ENGINEERING**
Q3 / 9M
FY14
Presentation Outline
20
L&T
L&T Overview
Business Overview
Financial Performance
Outlook
Demerger of Hydrocarbon Business
21
Hydrocarbon business demerged (transferred to a separate subsidiary)
with effect from April 1, 2013
Court Order sanctioning the demerger received on December 20, 2013
and certified copy subsequently filed with Registrar of Companies
Results presented herein excludes Hydrocarbon except where expressly
stated
Sustaining Profitable Growth
22
FY 09 FY 10 FY 11 FY 12 FY 13
517
695
706
880
Order Inflow
804
`

B
i
l
l
i
o
n

FY 09 FY 10 FY 11 FY 12 FY 13
339
370
439
532
Net Sales
`

B
i
l
l
i
o
n

FY 09 FY 10 FY 11 FY 12 FY 13
708
1,004
1,309
1,457
Order Book
`

B
i
l
l
i
o
n

FY 09 FY 10 FY 11 FY 12 FY 13
27.1
31.8
36.8
44.1
Recurring PAT
`

B
i
l
l
i
o
n

609
1,536
47.0
Note: Includes Hydrocarbon
Performance Highlights Q3 FY14
23
21%
Order Inflows
13%
Order Book
12%
Sales
186
bps
EBITDA Margins
12%
Recurring PAT
Strong Order Inflow growth led by Infrastructure segment
Weakness and uncertainty in the macro environment still affecting other sectors
(notably Power and Metals)
International focus has started yielding results
Large Order Book (~3x TTM Revenues) provides multi-year revenue visibility

Order Inflow & Order Book
Amount in ` Bn

1,514

1,712
9M FY13 9M FY14
Order Book
13%
180
549
217
674
Q3 9M
Order Inflow
FY 13 FY14
21%
23%
24
Geographical
Break-up
Customer
Profile
25
Composition (Inflows/Sales/Order Book) 9M FY14
Order Book
Sales
Order Inflow
85%
83%
70%
15%
17%
30%
Domestic International
Order Book
Order Inflow
46%
38%
43%
59%
11%
3%
Private Public (Incl. PSUs) L&T - Concessions Business
Performance Summary Sales to EBITDA
26
Sales growth reflects challenging environment in some sectors (Power, Metals, Industrial
Equipment, etc.)
MCO expenses in line with execution progress
Staff cost increase arising out of higher manpower base and normal revisions
SGA expenses are commensurate with business volumes

Q3 FY14 Q3 FY13 % Change ` Billion 9M FY14 9M FY13 % Change FY13
143.88 128.69 12%
Net Sales / Revenue from
Operations (A)
365.20 334.91 9% 515.71
23.73 21.38 11% ----International Sales 61.62 51.33 20% 75.12
111.86 102.78 9% Mfg, Cons. & Opex (MCO) 276.67 259.84 6% 402.63
10.68 9.27 15% Staff Costs 34.33 28.82 19% 38.61
4.59 4.07 13% Sales, adm. & other Exp. 16.68 13.32 25% 20.28
127.13 116.11 9% Total Opex (B) 327.68 301.98 9% 461.52
16.75 12.58 33% EBITDA (A-B) 37.52 32.93 14% 54.19
Material cost,
43.2%
(46.1%)
Subcontracting
charges,
24.4%
(24.1%)
Other
mfg.
exp.,
8.1%
(7.4%)
Staff Costs,
9.4%
(8.6%) Sales, adm.
& other Exp.,
4.6%
(4.0%)
EBITDA,
10.3%
(9.8%)
9M FY14
Performance Summary Operational Costs & Profitability
Material cost,
47.3%
(45.1%)
Subcontracting
charges,
23.7
(27.8%)
Other
mfg.
exp.,
6.8%
(7.0%)
Staff Costs,
7.4%
(7.2%)
Sales, adm.
& other Exp.,
3.2%
(3.1%)
EBITDA,
11.6%
(9.8%)
Q3 FY14
Figures in brackets indicate
corresponding period of the
Previous Year
27
EBITDA Margin improvement is a result of execution progress
Interest expense in line with increased levels and higher cost of borrowings
Depreciation commensurate with level of capex
Q3 FY13 Other Income boosted by gain on sale of surplus assets
Exceptional Gain - from sale of investment in Subsidiary Co.
Performance Summary Profitability
Q3 FY14 Q3 FY13 % Change ` Billion 9M FY14 9M FY13 % Change FY13
16.75 12.58 33.1% EBITDA 37.52 32.93 14% 54.19
11.64% 9.78% 1.86% EBITDA Margins 10.27% 9.83% 0.44% 10.51%
(2.91) (2.34) 24% Interest Expenses (7.71) (6.91) 12% (9.55)
(1.99) (1.78) 12% Depreciation (5.78) (5.31) 9% (7.28)
4.47 5.60 -20% Other Income 13.99 15.48 -10% 19.42
(4.95) (3.93) 26% Provision for Taxes (11.37) (10.42) 9% (15.09)
11.37 10.13 12% Recurring PAT 26.65 25.77 3% 41.69
1.04 -
Exceptional / Extraordinary
Items (Net of tax)
1.04 1.97 2.16
12.41 10.13 22% Profit after Tax 27.69 27.74 -0.2% 43.85
28
Performance Summary Balance Sheet
Total Debt: Dec13 ` 122 Bn; Mar13 ` 88 Bn
Gross D/E: 0.38
Support to S&A Cos - mainly to Development projects
Segment NWC at 21.3% of Sales; (17.7% as of 1
st
Apr, 2013)
* Includes Hydrocarbon
` Billion Dec-13 Mar-13 *
Incr /
(Decr)
Net Worth 322.41 291.43 30.98
Non-Current Liabilities 76.78 83.01 (6.23)
Current Liabilities 338.37 347.49 (9.12)
Total Sources 737.56 721.93 15.63
Net Fixed Assets 81.15 89.02 (7.87)
Investments / Loans to S&A Cos 158.01 141.31 16.70
Consideration Receivable from
Hydrocarbon Subsidiary
17.60 - 17.60
Other Non- Current Assets 10.44 9.10 1.34
Cash and Cash Equivalent 61.00 70.75 (9.75)
Other Current Assets 409.36 411.75 (2.39)
Total Applications 737.56 721.93 15.63
29
Cash Flow Statement
30
` Billion Q3 FY14 9M FY14 Q3 FY13 9M FY13
Operating Profit 17.34 43.26 14.65 38.71
Adjustments for NWC (12.76) (44.10) (9.47) (34.94)
Direct Taxes (Paid) / Refund - Net (4.56) (12.85) (5.58) (13.04)
Net Cash from Operations 0.02 (13.69) (0.40) (9.27)
Investments in Fixed Assets (Net) (2.03) (6.19) 0.08 (6.69)
Investments / Loans to S&A Cos (Net) (0.65) (14.01) 3.20 (7.72)
(Purchase) /Sale of Liquid Investments (Net) (7.96) 5.83 3.26 20.03
Interest & Div. Received from Investments 3.79 10.33 2.15 9.38
Cash Rec. from sale of Valves BU 0.30 0.90 -
Net Cash from / (used in) Investing Activities (6.55) (3.14) 8.69 15.00
Proceeds from Issue of Share Capital 0.31 1.15 0.65 1.39
Borrowings (Net) 8.94 31.25 (13.44) 3.20
Interest & Dividend paid (3.03) (19.92) (2.38) (17.31)
Net Cash from Financing Activities 6.22 12.48 (15.17) (12.72)
Net Cash from Discontinued Operations - - 4.34 3.97
Net (Dec) / Inc in Cash & Cash Equiv. (0.31) (4.35) (2.54) (3.02)
31
Segment Performance Analysis
32
Segment Composition
Infrastructure Power
Metallurgical &
Material Handling
Heavy Engineering
Building & Factories EPC Coal & Gas Ferrous
Process Plant
Equipment
Transportation Infra
Thermal Power Plant
Construction
Non Ferrous
Nuclear Power Plant
Equipment
Heavy Civil Infra Critical Piping
Water & Renewable
Energy
Power T&D
Bulk Material Handling
Electrostatic
Precipitators
Defence & Aerospace
Electrical &
Automation
Machinery & Ind.
Products
Others
Electrical Standard
Products
Engineering Services
Metering & Protection Shipbuilding
Electrical Systems &
Equipment
Control & Automation
Realty
Construction & Mining
Equipment
Industrial Machinery
33
Segmental Breakup of Orders 9M FY14
Infrastructure
82%
Heavy Engg.
4%
Power
2%
MMH
3%
E&A, MIP &
Others
9%
Order Inflow
(` 674 Bn)
Infrastructure
76%
Heavy Engg.
4%
Power
9%
MMH
8%
E&A, MIP &
Others
3%
Order Book
(` 1712 Bn)
Segmental Break-up
34
Infra
Strong revenue growth mainly contributed by Urban Infra, Transportation
Infra, Water and Power T&D
Improvement in EBITDA Margins on execution progress

Power
Drop in Sales due to declining Order Book
Margins affected by capacity under-utilisation and costs provisions

Segmental Performance
Segment Q3 FY14 Q3 FY13 % Change ` Billion 9M FY14 9M FY13 % Change FY13
87.84 71.10 24% Net Segment Revenue 211.57 166.84 27% 279.59
11.4% 10.3% 1.1% EBITDA Margins 12.1% 11.2% 0.9% 11.3%
12.11 17.21 -30% Net Segment Revenue 36.66 59.69 -39% 80.57
6.4% 7.2% -0.8% EBITDA Margins 9.4% 8.2% 1.2% 7.9%
Infra
Power
35
MMH
Revenues indicative of current business environment and delay in customer
clearances
Drop in EBITDA margins due to job mix and input costs provisions

HE
Robust Sales growth led by execution progress in various sub-segments
Margin variations linked to job progress and schedule

Segmental Performance
Segment Q3 FY14 Q3 FY13 % Change ` Billion 9M FY14 9M FY13 % Change FY13
15.12 14.98 1% Net Segment Revenue 35.96 40.40 -11% 58.52
16.1% 17.6% -1.5% EBITDA Margins 16.0% 15.9% 0.1% 17.7%
10.27 7.99 29% Net Segment Revenue 28.96 19.09 52% 27.99
17.2% 15.3% 1.9% EBITDA Margins 16.3% 21.1% -4.8% 21.2%
Heavy Engg.
MMH
36
E&A
Sales growth led by Standard Products, Control & Automation and Metering
Systems
Margins supported by better realisations and cost efficiencies

MIP
Drop in Sales due to industrial slowdown and business transfer
Margins reflective of lower level of operations

Others
Growth in Sales & Margins mainly contributed by Engineering Services
Segmental Performance
Segment Q3 FY14 Q3 FY13 % Change ` Billion 9M FY14 9M FY13 % Change FY13
8.70 7.71 13% Net Segment Revenue 23.92 22.29 7% 31.74
14.9% 14.3% 0.6% EBITDA Margins 12.8% 12.5% 0.3% 13.5%
4.20 5.51 -24% Net Segment Revenue 14.12 15.32 -8% 22.25
15.2% 17.9% -2.7% EBITDA Margins 13.0% 16.3% -3.3% 16.3%
5.63 4.19 34% Net Segment Revenue 13.99 11.28 24% 15.03
18.7% 14.1% 4.6% EBITDA Margins 3.5% 18.3% -14.8% 13.1%
Others
E&A
MIP
37
Group Performance
38
Consolidated P&L Statement FY13
39

Fin. Services includes Gen. Insurance business subsidiary of L&T
L&T
FY13 FY13 FY12
%
Change
515.71 Income from Operations 13.97 40.80 49.62 640.59 744.98 643.13 16%
54.19 EBITDA 9.79 6.90 12.47 69.43 98.59 88.84 11%
10.5% EBITDA Margins 70.1% 16.9% 25.1% 10.8% 13.2% 13.8% -4%
(9.55) Interest Expenses (8.05) (0.00) (0.18) (12.72) (20.95) (12.16) 72%
(7.28) Depreciation (5.81) (0.85) (1.40) (8.31) (16.37) (15.80) 4%
19.42 Other Income 1.18 0.32 0.03 9.42 10.96 8.29 32%
(15.09) Provision for Taxes (0.50) (2.59) (2.42) (17.60) (23.12) (22.79) 1%
41.69 PAT (before Exceptional Items) (3.39) 3.78 8.50 40.22 49.11 46.37 6%
- Share of profits in Associate Cos. 0.06 - - 0.33 0.38 0.46 -17%
- Adjustment for Minority Interest 0.31 (1.19) - 0.49 (0.39) (0.35) 13%
41.69
PAT after Minority Interest (before Exceptional
Items)
(3.02) 2.59 8.50 41.04 49.11 46.49 6%
2.16
Extraordinary & Exceptional Items (Net of tax &
Minority Interest)
(0.62) 1.57 - 2.00 2.95 0.45
43.84 Profit After Tax (3.64) 4.16 8.50 43.03 52.06 46.94 11%
L&T Group
` Billion
Devl.
Projects
IT & TS
Fin.
Services
L&T &
Others
Consolidated Balance Sheet FY13
40
For Devl. Projects & Financial Services Segment Assets mainly comprises of Business Assets
Elimination refers to Devl. Proj, Fin Ser, & IT & IS
L&T *
Mar-13 Mar-13 Mar-12 Inc/(Dec)
Net Worth:
Gross 101.01 47.11 21.03 280.38
Elimination - - - (110.93)
- Minority Interest 2.22 17.40 - 6.91 26.53 17.53 9.00
88.34 Borrowings 167.74 281.74 2.45 168.01 619.94 471.50 148.44
-
Deferred Payment
Liabilities
39.54 - - - 39.54 44.18 (4.64)
342.16
Other Current & Non-
Current Liab.
27.04 19.68 8.70 351.02 406.44 366.03 40.41
721.93 Total Sources 337.55 365.93 32.18 695.39 1,431.05 1,193.11 237.93
721.93 Segment Assets 337.55 365.93 32.18 695.39 1,431.05 1,193.11 237.93
721.93 Total Applications 337.55 365.93 32.18 695.39 1,431.05 1,193.11 237.93
338.60 293.87 44.73 291.43
` Billion
L&T Group
Devl.
Projects
IT & TS
Fin.
Services
L&T &
Others
* Includes Hydrocarbon
Consolidated Cash Flows FY13
41
* included under Net Cash from operations under statutory financial statements
FY12
Operating Profit 7.98 6.71 11.58 76.30 102.56 94.20
Changes in Working Capital (22.96) 5.75 (1.86) (36.95) (56.02) (57.33)
Direct Taxes (Paid) / Refund - Net (0.52) (3.45) (2.10) (19.24) (25.32) (28.52)
Net Cash from Operations (15.51) 9.01 7.62 20.11 21.22 8.36
Investments in Fixed Assets (Net) (47.78) (1.34) (2.23) (23.02) (74.38) (71.04)
(Purchase) /Sale of Liquid Investments (Net) (1.12) (8.47) 0.10 13.97 4.48 6.53
Loans/Deposits made with Assc. Co. / Others - - - (0.85) (0.85) (0.91)
Interest & Dividend Received from Investments 0.32 0.40 0.12 5.09 5.93 6.35
Acquisition / Disposal of Subs. / Business (6.57) - 2.27 (4.30) 0.43
Net Cash used in Investing Activities (48.57) (15.99) (2.01) (2.55) (69.12) (58.64)
Issue of Share Capital / Minority (0.15) 7.59 0.00 2.22 9.66 16.34
Net Borrowings 66.55 64.47 (0.14) 7.52 138.40 136.52
Loans towards financing activities (Fin.Services)* - (58.82) - - (58.82) (70.63)
Interests & Dividends (Incl. Dividend tax) paid (18.54) (0.14) (0.53) (21.06) (40.26) (33.19)
Net Cash from Financing Activities 47.87 13.10 (0.67) (11.32) 48.98 49.05
Net (Dec) / Inc in Cash & Cash Equivalents (16.22) 6.13 4.94 6.24 1.09 (1.23)
L&T
Group
` Billion
FY13
Devl.
Projects
Fin.
Services
IT&TS
L&T &
Other S&A
L&T
Group
L&T Infotech 9M FY14
42
Robust growth in Total Income through improved operations and INR
depreciation
Profit growth in line with revenues
FY13 FY14
8.78
11.12
9.76
12.43
9.73
12.65
Total Income
Q3
Q2
Q1
28%
28.27
36.20
FY13 FY14
1.32
1.83
1.40
1.97
1.55
1.64
Profit after Tax
Q3
Q2
Q1
27%
4.27
5.44
Amount in ` Bn
Financial Services 9M FY14
Robust growth in loan assets largely on account of rural products finance and personal vehicle
finance segment and opportunities in operating assets in infra sector
Net flows in money market funds and FMPs were the main driver of growth in assets for Mutual Fund
business
Higher credit costs impacted PAT growth
Q3 FY14 Q3 FY13
%
Change
` Billion 9M FY14 9M FY13
%
Change
FY13
64.22 66.56 -3.5% Disbursements 178.26 155.56 14.6% 229.95
5.32% 5.28% 0.04% NIM (%) 5.41% 5.32% 0.09% 5.34%
378.20 312.31 21.1% Loans and Advances 378.20 312.31 21.1% 333.1
2.93% 2.39% 0.54% Gross NPA (%) 2.93% 2.39% 0.54% 2.03%
2.06% 1.56% 0.50% Net NPA (%) 2.06% 1.56% 0.50% 1.26%
170.03 120.64 41% Average AUM 170.03 120.64 41% 111.69
13.15 9.93 32% Total Income 38.18 28.49 34% 40.06
1.10 1.18 -7% PAT (before exceptional items) 4.10 3.83 7% 5.59
1.10 2.95 -63% PAT 4.10 5.59 -27% 7.31
58.59 54.15 8% Networth (Excl. Preference Cap.) 58.59 54.15 8% 54.85
324.16 270.63 20% Borrowings 324.16 270.63 20% 282.92
Lending Businesses (Retail & Mid-Market, Wholesale, Housing Finance)
Investment Management
L&T Finance Holdings (Consolidated)
43

Balance Equity Commitment (Dec 2013): ` 69 Bn

Total Project Cost (Dec 2013): ` 647 Bn

Equity Invested (Dec 2013): ` 67 Bn
Concessions Business Portfolio 29 SPVs
44
Roads and Bridges:
Portfolio: 19 projects (2251 Km)
Project Cost: `232 Bn
Power:
Portfolio: 5 projects (2270 MW)
Project Cost: `174 Bn
Ports:
Portfolio: 3 projects (45 MTPA)
Project Cost: `57 Bn
Metros:
Portfolio: 1 project (71.16 Km)
Project Cost: `170 Bn
Transmission Lines:
Portfolio: 1 project (482 Km)
Project Cost: `14 Bn
Q3 / 9M
FY14
Presentation Outline
45
L&T
L&T Overview
Business Overview
Financial Performance
Outlook
Outlook
46
What
Impacts
us
Fiscal Policy
Monetary Policy
Political Stability
Macro Economic
Situation
Infrastructure
& Industrial
Spends
Global
Economy
Organisational
Preparedness
Domestic
& Global
Competition
Thank You
47