India's L&T slips as quarterly profit slips, firm forecasts slower growth

Larsen and Toubro

06/05/2026 05:08

** Shares of India's Larsen & Toubro LART.NS fall as much as 3.8% to their lowest in more than three weeks at 3,900 rupees

** Infrastructure major posted a 3.1% fall in quarterly profit; Q4 rev from ops rose 11.3%

** Co expects revenue to grow at a slightly slower pace of 10-12% for the current fiscal, owing to Middle East disruption

** Emkay Research cuts rating on stock to "Add" from "Buy"; trims PT to 4,450 rupees from 4,800 rupees

** Despite strong order inflow and robust backlog, L&T's Q4FY26/FY26 performance was impacted by weaker execution and margin pressures - Emkay

** LART rated "buy" on average by 29 analysts, median PT at 4,493 rupees -- data compiled by LSEG

** Stock down about 8% since the Iran war began on February 28

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))