L&T Board Approves FY26 Audited Results, Recommends ₹38 Dividend, Appoints New Directors
Larsen & Toubro's Board approved FY26 audited results, recommending a ₹38 final dividend. Key appointments include Mr. Vijay Sankar as Independent Director (5 yrs), Mr. Pramit Jhaveri's re-appointment (5 yrs), and Mr. P. Ramakrishnan as CFO from July 1, 2026. FY26 saw record order inflows of ₹4,35,590 crore, revenue at ₹2,85,874 crore, and recurring PAT of ₹17,238 crore.
The results, dividend recommendation, and significant board appointments are material events that will impact investor perception and the company's strategic direction.
The announcement highlights strong financial performance with record order inflows, revenue growth, and increased profit. The recommendation of a higher dividend and strategic board appointments also contribute positively.
Larsen & Toubro Limited (L&T) announced the outcome of its Board of Directors 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. Additionally, the Board recommended a final dividend of ₹38 per equity share (face value ₹2), an increase from the previous year's ₹34 per share. This dividend 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 81st AGM of the Company is scheduled to be convened on Friday, June 5, 2026, at 3:00 p.m. IST, through Video Conferencing and Other Audio-Visual Means. The cut-off date for e-voting eligibility for the AGM businesses is May 29, 2026.
In terms of board appointments, Mr. Vijay Sankar has been approved as a Non-Executive, Independent Director for a term of 5 years, effective May 27, 2026, up to May 26, 2031, subject to shareholder approval. Mr. Pramit Jhaveri has been re-appointed as a Non-Executive, Independent Director for a second term of 5 years, effective April 1, 2027, up to March 31, 2032, also subject to shareholder approval. Furthermore, Mr. R. Shankar Raman has been re-appointed as President and Whole-time Director - Finance for a term of 2 years, commencing October 1, 2026, up to September 30, 2028. Concurrently, Mr. P. Ramakrishnan has been appointed as the Chief Financial Officer and Key Managerial Personnel, effective July 1, 2026. Consequently, Mr. R. Shankar Raman will cease to be the Chief Financial Officer as of June 30, 2026.
The financial results for FY26 showcased robust performance with Group Order Inflows reaching a record ₹4,35,590 crore, a 22% increase year-on-year. Consolidated revenues stood at ₹2,85,874 crore, up 12%, and Recurring PAT grew by 18% to ₹17,238 crore. The consolidated order book reached an all-time high of ₹7,40,327 crore.
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