Larsen & Toubro Limited has informed the Exchange that Record date for the purpose of Dividend is 22-May-2026.
LT · price
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L&T reported record order inflows of ₹435,590 crore (up 22%) and revenues of ₹285,874 crore (up 12%) for FY2025-26. Recurring PAT grew 18% to ₹17,238 crore, despite a one-time ₹1,722 crore exceptional charge from new labour codes. The Board recommended a final dividend of ₹38 per share (face value ₹2), up from ₹34 per share in FY2024-25, representing an 11.8% increase. Record date for dividend is May 22, 2026, with payment expected by June 10, 2026 after shareholder approval. Key leadership changes include appointment of P. Ramakrishnan as CFO (effective July 1, 2026) succeeding R. Shankar Raman, and new independent directors Vijay Sankar and reappointment of Pramit Jhaveri. The order book stands at a record ₹740,327 crore (up 28%).
The 11.8% dividend increase signals management confidence in sustained profitability. Strong order book provides revenue visibility, while the CFO transition appears planned and orderly. However, the exceptional labour code charge and margin pressure in Energy Projects (6.8% vs 8.5% last year) warrant attention.