L&T Q4 FY23 Financial Results

Group Performance - Sales & Costs Remarks for the quarter Q4 FY22 Q4 FY23 % Var Rs Billion FY22 FY23 % Var 528.5 583.4 10% Revenue 1565.2 1833.4 17% 33% 39% International Rev. 36% 38% • 348.0 379.7 9% MCO Exp.* 939.3 1105.9 18% 14.4 15.2 6% Fin. Charge Opex** 59.5 60.3 1% • 79.7 99.8 25% Staff Costs 297.0 372.2 25% 21.2 20.3 -4% Sales & Admin. 87.3 87.6 0% • 463.3 515.0 11% Total Opex 1383.2 1625.9 18% 65.2 68.3 5% EBITDA 182.0 207.5 14% 12.3% 11.7% EBITDA % 11.6% 11.3% * Manufacturing, Construction and Operating expenses **Finance cost of financial services business and finance lease activity EPC PROJECTS | HI-TECH MANUFACTURING | SERVICES Strong execution momentum in Hydrocarbon, Hi-Tech Manufacturing and IT&TS MCO expense variation is reflective of activity levels and revenue mix Resource augmentation and salary hikes across businesses drives staff cost • SG&A reflective of lower credit cost in FS Drop in EBIDTA margin primarily due to cost pressures in Projects portfolio LARSEN & TOUBRO 19

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