Announced Thu, 14 May · 18:47 IST

Notice of 81st Annual General Meeting (AGM)

Board & Shareholder Meetings View source PDF

LT · price

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₹3934.00

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AI summary

L&T has announced its 81st AGM scheduled for June 5, 2026 through video conferencing. The company reported record performance with Group Order Inflows of ₹4.36 lakh crore (up 22%) and Order Book at ₹7.40 lakh crore (up 28%). International orders now constitute 52% of the Order Book. Revenue stood at ₹2.86 lakh crore with 12% growth, while Recurring PAT reached ₹17,238 crore (up 18%). The Board recommended a dividend of ₹38 per share. Key highlights include successful project completions like Navi Mumbai Airport and Patna Medical College, divestment agreements for Hyderabad Metro Rail and Nabha Power, and strategic partnerships including NVIDIA for AI infrastructure.

Likely market impact

Strong financial performance with record order book provides multi-year revenue visibility. Improved balance sheet with Net Debt:Equity at 0.35:1 and focus on cash conservation supports shareholder returns through dividends.