LTNSELarsen & Toubro Limited· EngineeringMediumNeutral
Announced Tue, 5 May · 17:51 IST

Larsen & Toubro Limited has informed the Exchange regarding Change in Director(s) of the company.

Cfo ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹4075.00
prior close
₹3974.00
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

L&T reported robust FY2026 results with record order inflows of ₹435,590 crore (up 22%), revenues of ₹285,874 crore (up 12%), and recurring PAT of ₹17,238 crore (up 18%). The Board recommended a higher final dividend of ₹38 per share versus ₹34 last year. Key leadership changes include appointing Mr. Vijay Sankar as Independent Director for 5 years from May 27, 2026, reappointing Mr. Pramit Jhaveri for a second 5-year term from April 2027, and reappointing Mr. R. Shankar Raman as Finance head for 2 years from October 2026. Mr. P. Ramakrishnan (currently Sr VP - Corporate Accounts) will become CFO from July 1, 2026, succeeding Mr. Shankar Raman who steps down as CFO on June 30, 2026. The 81st AGM is scheduled for June 5, 2026.

Likely market impact

Strong operational performance with leadership continuity at the CFO level suggests stability. The internal CFO transition from R. Shankar Raman to P. Ramakrishnan maintains executive consistency. Higher dividend and record order book are positive signals for shareholders.