L&T declares Rs 38/share dividend, sets record date on May 22


Larsen & Toubro (L&T) announced a final dividend of Rs 38 per equity share for the financial year ended March 31, 2026 and has set May 22, as the record date to determine shareholders’ eligibility. The dividend will be paid following shareholders’ nod at the upcoming Annual General Meeting (AGM) scheduled on June 10.

The engineering and construction behemoth had announced a final dividend of Rs 34 in the previous year.

The dividend was declared along with the company’s January-March quarter earnings where L&T reported a consolidated net profit at Rs 5,326 crore versus Rs 5,497 crore in the year ago period, implying a 3% fall. The conglomerate posted revenue growth of 11% to Rs 82,762 crore in Q4FY26 versus Rs 74,392 crore posted by the company in the corresponding quarter of the previous financial year.

The company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 8,610 crore, rising 5% from Rs 8,203 crore reported in the year ago period.

The Group secured orders worth Rs 435,590 crore in FY26, registering a YoY growth of 22%. During the year, order inflows covered multiple geographies and a diverse set of businesses, including buildings & factories, transportation, infrastructure, heavy civil infrastructure, power transmission & distribution, renewables, minerals & metals and thermal among other things.


International orders stood at Rs 251,078 crore, contributing 58% to the total order inflow.

For the quarter ended March 31, 2026, the Company recorded consolidated order inflows of Rs 89,772 crore. The company achieved consolidated revenues of ₹ 285,874 crore for the year ended March 31, 2026, registering a y-o-y growth of 12% driven by steady execution progress across businesses. International revenues during the year stood at Rs 153,738 crore, constituting 54% of total revenues, reflecting improved execution in the overseas Projects & Manufacturing portfolio.

Management commentary

Chairman and Managing Director of L&T S. N. Subrahmanyan said the company closed the year on a strong note with robust performance across segments and record order inflows exceeding Rs 4 lakh crore, driven by a strong domestic base and growing international presence. He added that L&T has initiated exits from its concessions portfolio, including Nabha Power and Hyderabad Metro, in line with its strategy to focus on core businesses.

Subrahmanyan highlighted that the company has largely achieved its Lakshya’26 targets and is now embarking on the next phase, Lakshya’31, with a focus on AI, digital technologies, green energy, and advanced manufacturing. He emphasised that L&T’s diversified portfolio, operational strength, and global footprint position it well to navigate evolving market dynamics and drive sustainable, technology-led growth.

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