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 ₹4,35,590 crore (+22% YoY) and order book at all-time high of ₹7,40,327 crore (+28%). Consolidated revenues grew 12% to ₹2,85,874 crore while recurring PAT jumped 18% to ₹17,238 crore. The Board recommended final dividend of ₹38 per share (vs ₹34 last year). Key board changes include appointment of Vijay Sankar as Independent Director and P. Ramakrishnan as new CFO from July 1, 2026. The company completed its Lakshya'26 plan and announced new Lakshya'31 strategy focusing on AI, digital, data centers, and semiconductors. Exits from Nabha Power and Hyderabad Metro are expected by June 30, 2026.
Strong all-round performance with record order book provides revenue visibility. 12% dividend increase signals confidence. Leadership changes and new strategic direction could re-rate the stock.