Integrated Annual Report for the Financial Year 2025-26 and Notice of 81st Annual General Meeting (AGM)
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Larsen & Toubro has released its Integrated Annual Report for FY 2025-26. The company achieved record order inflows of ₹4.36 lakh crore (up 22% YoY) and an all-time high order book of ₹7.40 lakh crore (up 28% YoY), with international orders constituting 52% of the order book. Group revenue stood at ₹2.86 lakh crore (up 12% YoY) and recurring PAT was ₹17,238 crore (up 18% YoY). The standalone PAT (excluding exceptional items) was ₹13,130 crore, but including exceptional items it was ₹6,287 crore due to some one-time charges. The Net Debt:Equity ratio improved significantly from 0.6:1 to 0.35:1. The board has recommended a final dividend of ₹38 per share. The 81st AGM is scheduled for June 5, 2026.
Strong operational performance with record order inflows and improved balance sheet signals continued growth momentum. The improvement in debt ratios and 18% PAT growth are positive for shareholders, though investors should note exceptional items impacting standalone profitability.