Larsen & Toubro Limited (LT) — Corporate Action Announcement

{ "summary": "L&T announced a final dividend of ₹38 per share (up from ₹34) for FY2026, with a record date of May 22, 2026, and the 81st AGM scheduled for June 5, 2026, where shareholders will vote on director appointments and the dividend. The company reported record ₹4 lakh crore order inflows, 12% YoY revenue growth to ₹285,874 crore, and 18% YoY PAT growth to ₹17,238 crore, driven by strong Infrastructure and Energy segment performance. Strategic initiatives include the Lakshya'31 focus on AI, green energy, and semiconductors, alongside divestments of Nabha Power and Hyderabad Metro. The Board also recommended reappointments for key directors and appointed P. Ramakrishnan as CFO effective July 1, 2026.", "extractedFields": { "keyEvent": "L&T declared a final dividend of ₹38 per share and set May 22, 2026, as the record date for payout.", "whatChanged": "Dividend per share increased to ₹38 from ₹34; order inflow reached ₹4 lakh crore; PAT grew 18% YoY to ₹17,238 crore.", "forwardGuidance": "The company projects India's GDP to remain among the fastest-growing major economies in FY 2026-27, supported by domestic demand and public capex.", "investorTakeaway": "Shareholders receive a higher dividend payout amid strong order growth and strategic shifts toward high-margin sectors like AI and green energy.", "sentiment": "positive" }, "dividend": { "recommendedAmount": 38, "previousYear": 34, "paymentTiming": "after shareholder approval at AGM (tentatively June 10, 2026)" }, "recordDate": "May 22, 2026", "agmDate": "June 5, 2026", "agmTime": "3:00 p.m. IST", "appointment": { "vijaySankar": { "designation": "Non-Executive Independent Director", "term": "5 years (May 27, 2026 - May 26, 2031)", "status": "subject to shareholder approval" }, "pramitJhaveri": { "designation": "Non-Executive Independent Director", "term": "Second term of 5 years (April 1, 2027 - March 31, 2032)", "status": "subject to shareholder approval" }, "rShankarRaman": { "designation": "President and Whole-time Director (Finance)", "term": "2 years (October 1, 2026 - September 30, 2028)", "status": "subject to shareholder approval" }, "pRamakrishnan": { "designation": "Chief Financial Officer", "effectiveDate": "July 1, 2026", "status": "effective" } }, "orderInflow": { "FY2025-26": 400000, "Q4FY2026": 89772, "InternationalOrderShareFY2026": 52 }, "revenue": { "FY2025-26": 285874, "Q4FY2026": 82762, "InternationalRevenueShareFY2026": 54 }, "PAT": { "FY2025-26": 17238, "Q4FY2026": 5289, "ExceptionalItemFY2026": 1155 }, "strategicInitiatives": [ "Lakshya'31 launch focusing on AI, digital technologies, green energy, and semiconductors", "Exit from concessions portfolio via divestment of Nabha Power and Hyderabad Metro", "Rebranding of LTTS and data center business as 'LTM Limited' and 'Larsen & Toubro - Vyoma'" ], "segmentHighlights": { "InfrastructureProjects": { "orderInflowGrowth": 15, "revenue": 173226 }, "EnergyProjects": { "orderInflowGrowth": 56, "revenue": 87553 }, "HiTechManufacturing": { "orderInflow": 18282, "revenue": 18282 }, "ITTechServices": { "orderInflow": 47845, "revenue": 47845 }, "FinancialServices": { "orderInflow": 15194, "revenue": 15194 }, "DevelopmentProjects": { "orderInflow": 5386, "revenue": 5386 }, "Others": { "orderInflow": 9145, "revenue": 9145 } }, "netProfitMargin": 31.3, "previousYearNetProfitMargin": 29.2, "revenueGrowth": 12, "ebitdaGrowth": 10, "ebitdaMargin": 10.2, "projectedGDPGrowth": "fastest-growing major economies", "orderInflowInfrastructureProjects": 173226, "orderInflowEnergyProjects": 87553, "orderInflowHiTechManufacturing": 18282, "orderInflowITTechServices": 47845, "orderInflowFinancialServices": 15194, "orderInflowDevelopmentProjects": 5386, "orderInflowOthers": 9145, "revenueInfrastructureProjects": 173226, "revenueEnergyProjects": 87553, "revenueHiTechManufacturing": 18282, "revenueITTechServices": 47845, "revenueFinancialServices": 15194, "revenueDevelopmentProjects": 538