L&T Declares Rs 38 per Share Dividend, Record Date Set for May 22.

Larsen & Toubro (L&T) has announced a final dividend of Rs 38 per equity share for the financial year ending March 31, 2026, marking a notable increase from the Rs 34 dividend issued in the previous year. The record date for determining shareholder eligibility is set for May 22, with the formal approval to be sought at the upcoming Annual General Meeting (AGM) on June 10. This dividend declaration comes alongside the company’s Q4 earnings release, revealing a consolidated net profit of Rs 5,326 crore, reflecting a 3% decline from the Rs 5,497 crore reported in the same period last year. However, the company posted revenue growth of 11%, with consolidated revenues reaching Rs 82,762 crore, as compared to Rs 74,392 crore in Q4FY25.

L&T’s robust financial performance is reinforced by strong order inflows, with the company securing a total of Rs 435,590 crore in FY26, representing an impressive year-over-year growth of 22%. This growth is attributed to diverse projects spanning multiple sectors, including buildings, transportation, infrastructure, and renewable energy. Notably, international orders amounted to Rs 251,078 crore, comprising 58% of total order inflows. In Q4FY26 alone, the company recorded consolidated order inflows of Rs 89,772 crore, contributing to a total revenue of Rs 285,874 crore for the financial year, marking a 12% increase year-over-year.

Management remarks from Chairman and Managing Director S. N. Subrahmanyan indicate a strong operational performance, aligning with the company’s strategy to focus on core businesses while addressing evolving market dynamics. He highlighted the successful completion of its Lakshya’26 targets and the launch of the next initiative, Lakshya’31, focusing on sustainability, AI, and advanced manufacturing. The company’s diversified portfolio and operational strength position it favorably for future growth in global markets, especially as it exits non-core projects to streamline its focus. As L&T continues to leverage technology and innovation, it remains well-positioned to drive sustainable and technology-led growth in the coming years.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)