Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026
LT · price
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L&T reported record FY26 performance with order inflows of ₹435,590 crore (22% YoY growth) and revenues of ₹285,874 crore (12% growth). Recurring PAT stood at ₹17,238 crore, up 18% YoY. The order book reached an all-time high of ₹740,327 crore, growing 28%. The Board recommended a final dividend of ₹38 per share (up from ₹34), with record date May 22, 2026 and payment by June 10, 2026. Key leadership changes include appointment of Mr. P. Ramakrishnan as CFO from July 1, 2026 (succeeding R. Shankar Raman who continues as Whole-time Director - Finance) and appointments/re-appointments of Independent Directors. The company also announced exits from Nabha Power and Hyderabad Metro by June 30, 2026.
Strong set of results with robust order book growth and higher dividend signals healthy execution and cash generation. The increased dividend and record order book are positive for shareholders. Leadership continuity with new CFO appointment ensures smooth transition.