Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026
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L&T reported record annual order inflows of ₹435,590 crore, up 22% YoY, with total order book at ₹740,327 crore (28% growth). Consolidated revenues stood at ₹285,874 crore (12% growth) and recurring PAT at ₹17,238 crore (18% growth) for FY2026. The Board recommended a final dividend of ₹38 per share (up from ₹34). Key leadership changes include appointment of Vijay Sankar as Independent Director, re-appointment of Pramit Jhaveri, re-appointment of R. Shankar Raman as Finance head, and P. Ramakrishnan becoming CFO from July 2026. The company completed its Lakshya'26 plan and announced Lakshya'31 focusing on AI, digital, data centers, and green energy.
Strong operational performance with record order book provides revenue visibility. Increased dividend demonstrates confidence in cash generation. Leadership continuity and succession planning in finance function are positive signals for stability. Divestment of concessions portfolio aligns with stated strategy.