L&T Group Performance - Q4 FY23

Group Performance - Profit Parameters Q4 FY22 Q4 FY23 % Var Rs Billion FY22 FY23 % Var 65.2 68.3 5% EBITDA 182.0 207.5 14% (7.1) (8.1) 15% Fin. Cost (31.3) (32.1) 3% (7.7) (8.5) 11% Depreciation (29.5) (35.0) 19% 5.2 7.4 44% Other Income 22.7 29.3 29% (15.5) (14.6) -6% Tax Expense (42.0) (44.8) 7% 1.3 0.1 - JV/S&A PAT Share 1.3 (0.9) (5.2) (4.7) -9% Non-controlling Int. (17.5) (20.2) 15% 36.2 39.9 10% Recurring PAT 85.7 103.7 21% Exceptionals (net of tax and NCI) 1.0 1.0 36.2 39.9 10% Reported PAT 86.7 104.7 21% Note: Profit consolidation of L&T IDPL at PAT level has been discontinued from Q4FY23, post signing of definitive agreement for sale of stake. The investment in the JV is classified as "Held for Sale" EPC PROJECTS | HI-TECH MANUFACTURING | SERVICES • Remarks for the quarter Higher finance cost due to increase in rate of borrowing Other income reflective of level of treasury investments & yields during the quarter Share of JV / Associate PAT primarily comprises results of Power and Hydrocarbon JVs. L&T IDPL profit consolidation has been discontinued from Q4FY23 (refer note below) Higher Recurring PAT aided by improved performance LARSEN & TOUBRO 20

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