L&T Chairman SN Subrahmanyan's remuneration soars 50% in FY25; here's what he took home

Larsen & Toubro (L&T) Chairman SN Subrahmanyan, who caught public's attention months ago for endorsing a 90-hour work week, saw his remuneration grow by almost 50% to ₹76.25 crore in the financial year 2024-25 (FY25) over FY24.

The company in its annual report said that the increase was mainly on account of stock options exercised during the year. Subrahmanyan was paid a remuneration of ₹51.05 crore in 2023-24.

The value of employee stock options, or ESOP, exercised by the L&T chairman during the the fiscal year 2024-25 stood at ₹15.88 crore. In comparison, it was zero in 2023-24.

According to the report, the remuneration of the company's Whole-time Director and Chief Financial Officer R Shankar Raman stood at ₹37.33 crore in FY25, Subramanian Sarma, who is the Deputy Managing Director and President of the infrastructure giant, earned ₹44.55 crore.

During an employee interaction, Subrahmanyan had expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to "extraordinary outcomes." His remarks, which included a controversial question about what employees do at home, sparked widespread criticism.

In response, the company had issued a statement clarifying that his comments were intended to highlight the importance of "extraordinary effort" for achieving remarkable results, and not to pressure employees into extended working hours.

L&T Q1 results

In an exchange filing, the firm said its board of directors will meet on July 29 to "to consider and approve the unaudited consolidated and standalone financial results of the company for the quarter ended 30th June 2025."