Preview: -India's L&T slips ahead of fourth-quarter results

Larsen and Toubro

05/05/2026 05:00

** Shares of India's Larsen & Toubro LART.NS fall 1.68% to 4032.10 rupees

** Infrastructure major to report fourth quarter earnings on the day

** Stock has been sensitive to Middle East developments, with the region contributing ~35% of revenue and recent tensions raising concerns over project delays and execution

** Analysts at Goldman Sachs flagged near-term execution risks from potential project delays in the Middle East, while brokerage Citi said the company's strong domestic business should help cushion any impact -note

** In Q3, co's profit fell 4.3% y/y, dragged by slower order inflows and a one-time labour charge of 11.9 billion rupees ($124.78 million)

** LART rated "buy" on average by 29 analysts, median PT at 4554 rupees -- data compiled by LSEG

** Stock down 5.7% since the Iran war began on February 28

($1 = 95.3675 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))