L&T Board Approves FY26 Audited Results, ₹38 Final Dividend, and Key Director Appointments
Larsen & Toubro reported FY26 audited results with revenues at ₹285,874 crore (up 12%) and Recurring PAT at ₹17,238 crore (up 18%). The company recommended a final dividend of ₹38 per share and announced the 81st AGM on June 5, 2026. Key appointments include Mr. Vijay Sankar as Independent Director and Mr. P. Ramakrishnan as CFO.
The announcement includes audited financial results, a significant dividend recommendation, and crucial changes in key management personnel, all of which have a material impact on the company and investor outlook.
The company reported strong financial results with significant growth in revenue and profit, alongside a recommended increase in dividend. Key management appointments and strategic future plans also contribute positively.
Larsen & Toubro Limited (L&T) announced the outcome of its Board Meeting held on May 5, 2026, where it approved the consolidated and standalone audited financial results for the quarter and year ended March 31, 2026. The company reported a strong financial performance for FY26, with consolidated revenues of ₹285,874 crore, a 12% year-on-year growth. Recurring Profit After Tax (PAT) stood at ₹17,238 crore, an 18% increase. The Group secured orders worth a record ₹435,590 crore, a 22% growth, with international orders contributing 58%. The consolidated order book reached an all-time high of ₹740,327 crore.
The Board recommended a final dividend of ₹38 per equity share (face value ₹2), an increase from ₹34 in the previous year. The dividend payment is subject to shareholder approval at the ensuing 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.
Furthermore, the Board approved the convening of the 81st AGM on June 5, 2026, at 3:00 p.m. IST, to be conducted through Video Conferencing. The cut-off date for e-voting eligibility is May 29, 2026.
In significant management changes, the Board approved the appointment of Mr. Vijay Sankar 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 a term of 2 years, effective October 1, 2026. Additionally, Mr. P. Ramakrishnan was appointed as the Chief Financial Officer and Key Managerial Personnel, effective July 1, 2026, following which Mr. R. Shankar Raman will cease to be CFO from June 30, 2026.
The company also announced its strategic plan, Lakshya’31, focusing on AI, digital technologies, data centers, and green energy. The Board Meeting commenced at 1:30 p.m. and concluded at 4:00 p.m.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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