Investor Presentaiton

Group Performance - Sales & Costs Q2 FY21 Q2 FY22 H1 H1 % Var Rs Billion % Var FY21 FY22 310.3 347.7 12% Revenue 522.9 641.1 23% 39% 35% International Rev. 41% 37% 175.1 197.4 13% MCO Exp.* 19.8 14.9 -25% Fin. Charge Opex** 267.4 40.9 60.8 72.5 19% Staff Costs 21.2 22.9 8% Sales & Admin. 277.0 307.8 11% Total Opex 351.8 32% 30.6 -25% 122.3 141.3 16% 42.8 45.7 7% 473.4 569.4 20% • • 33.3 39.9 20% EBITDA 49.6 71.7 45% • 10.7% 11.5% EBITDA % 9.5% 11.2% Projects & Manufacturing and IT&TS businesses drive revenue growth MCO expense variation is reflective of job progress, revenue mix and higher input costs Reduction in Finance Charge Opex is a function of reduced borrowing cost and lower average liabilities in FS business Resource augmentation in service businesses drives staff cost SG&A reflective of activity levels Improved overhead recovery contributes to EBITDA growth * Manufacturing, Construction and Operating expenses **Finance cost of financial services business and finance lease activity EPC PROJECTS | HI-TECH MANUFACTURING | SERVICES ← LARSEN & TOUBRO 21

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