Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026
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L&T reported record annual performance for FY2026 with order inflows of ₹4.36 lakh crore (22% growth) and revenues of ₹2.86 lakh crore (12% growth). Recurring PAT rose 18% to ₹17,238 crore. The order book stands at an all-time high of ₹7.40 lakh crore with 52% international orders. The Board recommended a 12% higher final dividend of ₹38 per share (vs ₹34), payable after shareholder approval at the 81st AGM on June 5, 2026. Key leadership changes include appointment of Mr. Vijay Sankar as Independent Director and Mr. P. Ramakrishnan as new CFO from July 1, 2026, succeeding Mr. R. Shankar Raman who continues as President & Whole-time Director - Finance. The company also announced exits from Nabha Power and Hyderabad Metro by June 30, 2026, aligned with its strategy to divest non-core concession assets.
Strong operational performance with record order book provides solid revenue visibility for coming years. The 12% dividend increase reflects confidence in cash generation. Leadership transitions and strategic exits suggest continued focus on portfolio optimization and technology-led growth under the new Lakshya'31 plan.