L&T Board Approves FY26 Audited Results, Recommends ₹38 Final Dividend, Appoints New Directors
Larsen & Toubro reported FY26 results with record order inflows of ₹4,35,590 crore and 12% revenue growth to ₹2,85,874 crore. Recurring PAT rose 18% to ₹17,238 crore. The Board recommended a final dividend of ₹38 per share and approved appointments including Mr. Vijay Sankar as Independent Director and Mr. P. Ramakrishnan as CFO.
The announcement includes audited financial results, dividend recommendation, and significant board-level appointments, all of which are material information for investors and stakeholders.
The company reported strong financial results, including record order inflows, revenue growth, and profit growth. The recommendation of a higher final dividend and the appointment of key personnel are also positive indicators.
Larsen & Toubro Limited (L&T) 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.
The company reported robust financial performance for the fiscal year ended March 31, 2026. Group order inflows reached a record ₹4,35,590 crore, a 22% year-on-year growth, with international orders contributing 58%. Consolidated revenues stood at ₹2,85,874 crore, up 12% year-on-year, driven by steady execution. Recurring Profit After Tax (PAT) grew by 18% to ₹17,238 crore. The consolidated order book reached an all-time high of ₹7,40,327 crore, a 28% increase.
For the quarter ended March 31, 2026, consolidated order inflows were ₹89,772 crore and consolidated revenues were ₹82,762 crore, a 11% year-on-year growth. Recurring PAT for the quarter was ₹5,289 crore, a 5% increase year-on-year, though consolidated PAT saw a 3% decline due to an exceptional gain in the previous year.
Key business highlights for FY 2025-26 include significant order inflows in Infrastructure Projects (₹1,99,064 crore), Energy Projects (₹1,36,921 crore), and IT & Technology Services (₹53,497 crore). The company also announced its strategic plan, Lakshya’31, focusing on AI, digital technologies, data centers, and green energy.
The Board recommended a final dividend of ₹38 per equity share of face value ₹2 each 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).
L&T has fixed May 22, 2026, as the record date for determining entitlement for the proposed Final Dividend. The 81st AGM is scheduled for Friday, June 5, 2026, at 3:00 p.m. IST, to be conducted through Video Conferencing. Friday, May 29, 2026, has been fixed as the cut-off date for e-voting eligibility.
In terms of corporate governance, 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 two years, effective October 1, 2026. Additionally, Mr. P. Ramakrishnan was appointed as the Chief Financial Officer, effective July 1, 2026, with Mr. R. Shankar Raman ceasing to hold this role from June 30, 2026.
The Board Meeting commenced at 1:30 p.m. and concluded at 4:00 p.m. The auditors' report on the financial statements for the year ended March 31, 2026, was with an unmodified opinion.
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