Business
Market Reacts to Decline in L&T March-Quarter Profit
Stock slips on weak March-quarter earnings despite strong order pipeline expectations
Shares of Larsen & Toubro declined nearly 4% on Wednesday after the engineering and infrastructure major reported a 3% drop in consolidated profit after tax for the March quarter of FY26.
On the BSE Sensex, the stock fell 3.84% to ₹3,900, while on the NSE Nifty 50 it slipped 3.81% to the same level.
The decline reflects investor reaction to weaker quarterly earnings, despite expectations of continued infrastructure spending and strong long-term order inflows for the company.
L&T remains one of India’s leading infrastructure and engineering firms, with operations spanning construction, technology, manufacturing, and financial services.
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