Outcome of Board Meeting of Larsen & Toubro Limited ('the Company') held on May 5, 2026
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Larsen & Toubro reported robust FY2025-26 results with record order inflows of ₹435,590 crore (up 22%), revenues of ₹285,874 crore (up 12%), and recurring PAT of ₹17,238 crore (up 18%). The order book stands at an all-time high of ₹740,327 crore, up 28%. The Board recommended a final dividend of ₹38 per share (vs ₹34 last year). Key leadership changes include appointment of Vijay Sankar as Independent Director, re-appointment of CFO R. Shankar Raman for 2 years, and P. Ramakrishnan as new CFO from July 1, 2026. The company also announced divestment of Nabha Power and Hyderabad Metro by June 30, 2026, and launched Lakshya'31 plan focusing on AI, digital technologies, data centers, and green energy.
Strong financial performance with record order book and improved profitability signals positive momentum. Dividend increase and robust order backlog are shareholder-friendly. Exit from concessions portfolio and new strategic plan indicate strategic repositioning toward technology and high-growth segments.