L&T Technology Services Limited has informed the Exchange that Board of Directors at its meeting held on April 22, 2026, recommended Final Dividend of Rs. 40 per equity share.
LTTS · price
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On the reaction day the stock moved 2.3 pts less than Nifty Midcap 150 and 2.1 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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L&T Technology Services board approved FY2026 financial results showing revenue of Rs. 109,959 million (up 14% from Rs. 96,422 million) and net profit of Rs. 12,811 million. The board recommended a final dividend of Rs. 40 per equity share (face value Rs. 2) for shareholder approval at the AGM on June 1, 2026. The record date for dividend eligibility is May 22, 2026. Key leadership changes include appointment of Rajeev Gupta as Executive Director & CFO and Amitabh Kant (former G20 Sherpa) as Independent Director. Exceptional items of Rs. 724 million were recorded due to new labour code implementation and overseas restructuring costs.
The dividend payout signals strong cash flows and profitability. The company's 14% revenue growth demonstrates solid execution. The high-profile appointment of Amitabh Kant may enhance corporate governance perception and government relationships.