L&T Board Approves FY26 Results, Recommends ₹38 Dividend, Appoints New Director
Larsen & Toubro reported FY26 results with record order inflows of ₹4.35 lakh crore (up 22%) and revenue of ₹2.85 lakh crore (up 12%). Recurring PAT rose 18% to ₹17,238 crore. The board 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 substantial financial performance metrics, a dividend recommendation, and significant changes in key management roles, all of which have a material impact on the company and investor perception.
The company reported strong financial results with significant growth in order inflows, revenue, and profit. The recommendation of a higher dividend also contributes positively.
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.
Key financial highlights for the year ended March 31, 2026, include record group order inflows of ₹4,35,590 crore, a 22% year-on-year growth. Consolidated revenues stood at ₹2,85,874 crore, up 12%, and recurring Profit After Tax (PAT) was ₹17,238 crore, an 18% increase. For the quarter ended March 31, 2026, consolidated revenues were ₹82,762 crore, a 11% growth, with recurring PAT at ₹5,289 crore, a 5% increase.
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 ₹34 per share in the previous year. The dividend is subject to shareholder approval at the ensuing Annual General Meeting (AGM), tentatively by June 10, 2026. The record date for determining entitlement for this dividend has been fixed as May 22, 2026.
Furthermore, 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. The cut-off date for e-voting eligibility for the AGM businesses is May 29, 2026.
In terms of appointments, Mr. Vijay Sankar has been approved 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. Mr. R. Shankar Raman will cease to be CFO on June 30, 2026.
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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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