L&T Technologies Services Ltd. declared a dividend of Rs 40 per share, while also posting a 10% sequential climb in its net profit for the quarter ended March 31, 2026, an exchange filing on Wednesday showed.

The company’s consolidated bottomline rose to Rs 332 crore, as compared to Rs 303 crore in the quarter ended December. This is largely in line with the consensus estimate of Rs 341 crore, as shared by the analysts tracked by Bloomberg.

The firms’ revenue increased by 2.5% to Rs 2,858 crore from Rs 2,787 crore in the preceding quarter. Analysts had estimated a topline of Rs 2,970 crore. 

The tech company’s earnings before interest and taxes (EBIT) was up 5.5% at Rs 435 crore, as against Rs 412 crore in the previous quarter. The EBIT margin expanded to Rs 15.2% from 14.8% in the previous quarter.

The company said it will pay the final dividend of Rs 40 per share 30 days after the approval of shareholders at its upcoming annual general meeting on June 1. The record date for determining the eligibility of shareholders has been fixed as May 22.

Track key highlights of the Q4 results declared on April 22

L&T Technology Q4FY26 Highlights (Cons, QoQ)  

• Net profit up 9.7% at Rs 332 crore versus Rs 303 crore 
• Revenue up 2.5% at Rs 2,858 crore versus Rs 2,787 crore 
• EBIT up 5.5% at Rs 435 crore versus Rs 412 crore
• EBIT margin At 15.2% vs 14.8% 

The firm’s board of directors has also approved the appointment of Rajeev Gupta, the company’s chief financial officer (CFO) as executive director for a term of three years from April 22, 2026 up to April 21, 2029. It also approved Amitabh Kant’s designation as independent director for a period of five years commencing from April 22, 2026 to April 21, 2031.

Before the quarterly results were declared, shares of L&T Technology settled 2.53% lower at Rs, 3,550.2 apiece on the NSE, compared to a 0.81% decline in the benchmark Nifty 50.

ALSO READ: Tata Communications Q4 Results: Profit Slumps 75%; Dividend Of Rs 17.5/Share Declared

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The much-awaited second season of Citadel is finally on its way, and fans now have a release date to mark on their calendars. The high-octane spy thriller, led by Priyanka Chopra Jonas and Richard Madden, will premiere on May 6 on Prime Video.

Along with the announcement, the makers dropped an action-packed trailer that offers a glimpse into the next chapter of the spy series. The new season promises higher stakes, larger missions, and a deeper dive into the mysterious world of secret agencies and powerful enemies.

What The Story Is About

Citadel follows elite agents Mason Kane (Richard Madden), Nadia Sinh (Priyanka Chopra), and Bernard Orlick (Stanley Tucci), who once worked for a powerful global spy organisation. The agency was destroyed by Manticore, a dangerous syndicate backed by influential forces.

In Season 2, a new threat emerges, forcing the trio back into action. This time, they are not alone. The story will see them recruiting a fresh team of operatives as they embark on a mission that spans multiple countries. Their goal is to stop a conspiracy that could have massive consequences for humanity.

Cast And New Additions

The new season brings back familiar faces while also introducing several new characters. Alongside Priyanka, Richard and Stanley, the other returning cast members include Lesley Manville and Ashleigh Cummings.

The show also expands its universe with new additions like Jack Reynor, Matt Berry, and Lina El Arabi. Supporting roles will also be played by Merle Dandridge, Gabriel Leone, and Rayna Vallandingham.

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Team Behind The Series

The series is produced by AGBO in collaboration with Amazon MGM Studios. The series is produced by Anthony Russo and Joe Russo, along with Angela Russo-Otstot and Scott Nemes. David Weil is the showrunner and also directs the series, while Greg Yaitanes has directed some important episodes.

What To Expect?

With its mix of action, global storytelling, and a larger ensemble cast, Season 2 aims to take the Citadel universe to the next level. The trailer hints at intense action sequences, new alliances, and a storyline that could reshape the fate of its characters.

Watch The Trailer Here:

ALSO READ | Stranger Things: Tales from ’85: Release Date, Time, Episodes, Where To Watch — All You Need To Know

With the premiere date locked, all eyes are now on May 6 as the spy drama returns with a bigger and more ambitious chapter.

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The Reserve Bank of India has cautioned around the ongoing US-Iran war and its impact on the Indian economy, stating that it will adversely affect growth going ahead and push inflation upwards. 

“Higher input costs associated with increase in energy prices and international freight and insurance costs along with supply-chain disruptions could constrain availability of key inputs for downstream sectors, thus impairing growth,” according the minutes of the RBI’s Monetary Policy Committee meeting released on Wednesday.

Along with this, elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait of Hormuz would act as a drag on domestic production in 2026-27, the RBI stated. The central bank added that amid the Iran war, it would be prudent to wait and watch before taking decisive action.

As far as supply shocks are concerned, another cloud hanging over the Indian economy is the potential disruption caused by weather phenomenon El Niño, which could have a negative impact on Southwest Monsoon. 

“Weather-related events – El Niño disturbances – pose downside risks to the domestic growth outlook, and an upside risk for the inflation trajectory,” MPC member Ram Singh said.

ALSO READ: Weak Monsoon Ahead? IMD Flags El Nino Risk For 2026 Season, Expects 92% Rainfall

El Niño is a natural climate phenomenon which occurs every two to seven years and is characterised by higher-than-average temperatures in central and eastern tropical Pacific Ocean. This impacts the Southwest Monsoon, leading to reduced rainfall during the June-September period in India. Generally, rainfall dependent sectors of the economy such as agriculture become more vulnerable in such conditions. 

While the El Niño is expected to hit the agriculture sector the hardest, the Gulf conflict has affected the Indian economy through several channels.

Considering the global and climate cues, the RBI revised its consumer price index-based inflation outlook upwards to 4.6% for FY27. At the same time, the central bank also pointed out that it maintains a cautiously positive outlook for India’s growth in the financial year. 

The RBI underscored that while the direction of impacts of the West Asia conflict and El Niño disturbances on growth and inflation is clear, how long they last will determine the quantum of said impact. 

MPC Keeps Rates Unchanged

The RBI on April 8 kept interest rates unchanged and reaffirmed its neutral policy stance, while signalling confidence in the country’s growth momentum even as it warned of rising global risks to inflation, liquidity and financial stability.

The MPC unanimously voted to retain the repo rate at 5.25%, in line with market expectations. The Standing Deposit Facility (SDF) rate remains at 5%, while the Marginal Standing Facility (MSF) rate was kept unchanged at 5.5%.

ALSO READ: RBI MPC Key Highlights: Rates, Stance Unchanged But A Warning On Inflation

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