L&T Board Approves FY26 Audited Results, Recommends ₹38 Dividend, Appoints New Directors
Larsen & Toubro reported FY26 record orders of ₹4,35,590 crore (up 22%) and revenue of ₹2,85,874 crore (up 12%). Recurring PAT increased 18% to ₹17,238 crore. The company recommended a final dividend of ₹38 per share. Key appointments include Mr. Vijay Sankar as Independent Director and Mr. P. Ramakrishnan as CFO.
The announcement includes significant financial results, a dividend recommendation, and key management appointments, all of which are material information for investors and stakeholders.
The company reported strong financial results with record order inflow, revenue growth, and profit increase. The recommended dividend hike and positive outlook further contribute to the positive sentiment.
Larsen & Toubro Limited (LT) 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. For the full year FY26, the Group secured record orders of ₹4,35,590 crore, a 22% increase year-on-year, with international orders contributing 58%. Consolidated revenues grew by 12% to ₹2,85,874 crore, and recurring Profit After Tax (PAT) rose by 18% to ₹17,238 crore. The consolidated order book stood at an all-time high of ₹7,40,327 crore, up 28% from March 2025.
For the fourth quarter ended March 31, 2026, consolidated order inflows were ₹89,772 crore, and consolidated revenues were ₹82,762 crore, an 11% increase year-on-year. Recurring PAT for the quarter was ₹5,289 crore, a 5% increase year-on-year.
The Board recommended a final dividend of ₹38 per equity share (face value ₹2), an increase from ₹34 per share in the previous year. This dividend 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.
The 81st AGM of the Company is scheduled for Friday, June 5, 2026, at 3:00 p.m. IST, to be conducted via Video Conferencing/Other Audio-Visual Means. The cut-off date for e-voting eligibility is May 29, 2026.
Key appointments were also approved: Mr. Vijay Sankar has been appointed as a Non-Executive, Independent Director for a term of 5 years, effective May 27, 2026. Mr. Pramit Jhaveri has been re-appointed as a Non-Executive, Independent Director for a second term of 5 years, effective April 1, 2027. Mr. R. Shankar Raman has been re-appointed as President and Whole-time Director - Finance for a term of 2 years, effective October 1, 2026. Additionally, Mr. P. Ramakrishnan has been 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.
S N Subrahmanyan, Chairman and Managing Director, highlighted a strong year with record order inflow and successful execution of the Lakshya’26 plan. The company is embarking on Lakshya’31, focusing on AI, digital technologies, data centers, and green energy.
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