Larsen & Toubro: FY2026 results and a run of Middle East energy orders
Editorial
Larsen & Toubro (L&T) reported group revenue of Rs 2,85,874 crore for the year to 31 March 2026, up 12%, and a record order…
Verified
S. N. Subrahmanyan, known as SNS, has been chairman and managing director of Larsen & Toubro since 1 October 2023. Born on 16 March 1960 in Chennai, he took a civil engineering degree at Regional Engineering College Kurukshetra (1982), an MBA from the Symbiosis Institute of Business Management in Pune and an executive programme at London Business School. He joined L&T in 1984 in the ECC Division, became a full-time director in July 2011, deputy managing director and president in October 2015, and took over from A. M. Naik as managing director and CEO on 1 July 2017. He is vice chairman of LTIMindtree and L&T Technology Services, chairs L&T Metro Rail (Hyderabad) and L&T Finance, and chaired the National Safety Council from February 2021. His strategy repositions L&T as a technology-driven group, with expansion into AI, semiconductors, data centres and defence electronics and the sale of non-core businesses. His FY2024 remuneration was Rs 510 million. In January 2025 he drew wide criticism for endorsing a 90-hour work week; he later said the remarks were casual and made out of frustration. His net worth was not stated.
Editorial
Larsen & Toubro (L&T) reported group revenue of Rs 2,85,874 crore for the year to 31 March 2026, up 12%, and a record order…