L&T reports record order inflow, declares dividend for FY26
Larsen & Toubro Limited reported a 22% rise in order inflows to ₹4,35,590 crore and a 28% increase in its order book to ₹7,40,327 crore for FY 2025-26. Revenue grew 12% to ₹2,85,874 crore, while recurring PAT increased 18% to ₹17,238 crore. The Board recommended a final dividend of ₹38 per share. The company advanced its Lakshya 2031 strategy, inaugurated key infrastructure projects, and expanded its new-age businesses, including AI and semiconductors.
*this image is generated using AI for illustrative purposes only.
Larsen & Toubro Limited delivered a strong performance in FY 2025-26, achieving record order inflows of ₹4,35,590 crore, a 22% increase from the previous year. The company's order book stood at ₹7,40,327 crore, up 28%, while revenue grew 12% to ₹2,85,874 crore. Recurring profit after tax (PAT) rose 18% to ₹17,238 crore. The Board of Directors has recommended a final dividend of ₹38 per share for the financial year ended March 31, 2026.
The company's net debt-to-equity ratio improved to 0.35:1 from 0.6:1, reflecting strengthened financial discipline. Chairman & Managing Director Mr. S. N. Subrahmanyam highlighted the company's resilience amidst global geopolitical realignments and supply chain disruptions. He noted that operations in the GCC continued without material disruption, with over 100 project sites operating normally.
Group Performance Overview FY 2025-26
| Metric | Value | Change |
|---|---|---|
| Order Inflow | ₹4,35,590 crore | Up 22% |
| Order Book | ₹7,40,327 crore | Up 28% |
| Revenue | ₹2,85,874 crore | Up 12% |
| Recurring PAT | ₹17,238 crore | Up 18% |
| Net Debt : Equity | 0.35 : 1 | Improved from 0.6 : 1 |
Strategic Initiatives and Business Updates
L&T commenced its next five-year strategic journey, Lakshya 2031, aimed at enhancing agility and digital capabilities. In the Infrastructure segment, the company inaugurated Phase 1 of Navi Mumbai International Airport and the 112.5 MW Goaltore solar power plant. The Energy vertical commissioned the Jafurah Gas Compression Project Phase-1 for Saudi Aramco and completed India's first full-scale offshore decommissioning project.
The Hi-Tech Manufacturing division manufactured one of the heaviest Cr-Mo-V Hydrocracking Reactors for ExxonMobil and jointly produced India's first industry-manufactured PSLV rocket with HAL. The Services sector saw LTM (formerly LTMindtree) record its largest-ever deal wins, including the PAN 2.0 Project. L&T Finance acquired the gold loan business of Paul Merchants Finance Private Limited, adding a portfolio of ₹1,350 crore.
New-Age Businesses and ESG
Larsen & Toubro Vyoma partnered with NVIDIA to develop high-performance AI data centers. L&T Semiconductor Technologies acquired the Power Module Design Assets of Fujitsu General Electronics Ltd. in Japan. The company unlocked value exceeding ₹8,300 crore through divestments in Hyderabad Metro Rail and Nabha Power. On the ESG front, Green Business constitutes 51% of standalone revenues, and the company launched India's first listed Sustainability-Linked Bond worth ₹500 crore.
Historical Stock Returns for Larsen & Toubro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.83% | +0.21% | +7.38% | +4.02% | +16.97% | +180.34% |
How will the implementation of the 'Lakshya 2031' strategic plan specifically impact L&T's operational agility and digital integration over the next five years?
With Green Business now constituting 51% of standalone revenues, what are the long-term capital allocation strategies to maintain this growth trajectory?
How might the partnership with NVIDIA for AI data centers influence L&T's competitive positioning in the global infrastructure and technology markets?
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