Larsen & Toubro Board Approves FY26 Audited Results, Recommends ₹38 Final Dividend
Larsen & Toubro recommended a final dividend of ₹38 per share for FY26. The company reported record order inflows of ₹4,35,590 crore and consolidated revenues of ₹2,85,874 crore for FY26. Recurring PAT was ₹17,238 crore. The 81st AGM is scheduled for June 5, 2026. Key appointments include Mr. Vijay Sankar as Independent Director and Mr. P. Ramakrishnan as CFO.
The positive financial results, increased dividend recommendation, and significant board-level appointments are material events that will likely influence investor sentiment and the company's strategic direction.
The announcement details strong financial performance with record order inflows, revenue growth, and increased profit, alongside a recommended higher dividend payout. Key management appointments also suggest stability and forward planning.
Larsen & Toubro Limited announced the outcome of its Board Meeting held on May 5, 2026. The Board approved the consolidated and standalone audited financial results for the quarter and year ended March 31, 2026. A final dividend of ₹38 per share (face value ₹2) was recommended for the financial year ended March 31, 2026, an increase from the previous year's ₹34 per share. The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting (AGM), tentatively scheduled for June 10, 2026. The record date for determining entitlement to this dividend has been fixed as May 22, 2026.
The company also announced the convening of its 81st AGM on Friday, June 5, 2026, at 3:00 p.m. IST, to be conducted through Video Conferencing/Other Audio-Visual Means. The cut-off date for e-voting on the businesses to be transacted at the AGM has been set as May 29, 2026. The Integrated Annual Report for FY 2025-26 will be electronically sent to shareholders.
Key appointments and re-appointments were also approved. Mr. Vijay Sankar was appointed as a Non-Executive, Independent Director for a term of 5 years, effective May 27, 2026. Mr. Pramit Jhaveri was re-appointed as a Non-Executive, Independent Director for a second term of 5 years, effective April 1, 2027. Mr. R. Shankar Raman was re-appointed as President and Whole-time Director – Finance for two years, effective October 1, 2026. Additionally, Mr. P. Ramakrishnan was appointed as the Chief Financial Officer, effective July 1, 2026, after which Mr. R. Shankar Raman will cease to hold this position from June 30, 2026.
For the financial year ended March 31, 2026, the Group reported record order inflows of ₹4,35,590 crore, a 22% year-on-year growth. Consolidated revenues stood at ₹2,85,874 crore, up 12% year-on-year. Recurring Profit After Tax (PAT) was ₹17,238 crore, an 18% increase. The consolidated order book reached an all-time high of ₹7,40,327 crore, a 28% growth. For the quarter ended March 31, 2026, consolidated revenues were ₹82,762 crore (up 11% YoY), and Recurring PAT was ₹5,289 crore (up 5% YoY). The total consolidated PAT for the year was ₹16,084 crore, including a one-time provision of ₹1,155 crore for employee benefits.
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