Larsen & Toubro Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Mid Cap

The stock had fallen 9.71% over the past four trading days amid rising concerns about project execution risks linked to escalating geopolitical tensions in the Middle East.

The sell-off followed the intensifying conflict involving Iran after coordinated U.S.-Israeli airstrikes on Iranian military and nuclear facilities. The strikes reportedly killed Supreme Leader Ali Khamenei and triggered retaliatory missile and drone attacks by Iran on Israel and several U.S. bases across Gulf countries. The conflict has disrupted shipping routes and energy flows in the region, pushed crude oil prices higher and increased uncertainty for businesses operating in the Middle East.

The region remains a key market for Larsen & Toubro, accounting for about 37% of its Rs 7.33 lakh crore order book and 33% of total order inflows in the first nine months of FY26.

Analysts have cautioned that prolonged tensions could disrupt project execution in the region, while a potential slowdown in the UAE real estate market may intensify competitive pressures.

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

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The decline comes amid the intensifying Iran conflict following coordinated U.S.?Israeli airstrikes on Iranian military and nuclear targets. The strikes reportedly killed Supreme Leader Ali Khamenei and triggered retaliatory missile and drone attacks by Iran. Iran launched strikes on Israel and several U.S. bases located across Gulf countries. The conflict has disrupted shipping routes and energy flows across the Middle East. The turmoil has also pushed crude oil prices higher and increased regional business uncertainty.

The region is a key market for the company, accounting for 37% of its Rs 7.33 lakh crore order book and 33% of order inflows in 9MFY26.

Analysts warned that L&T could face execution disruptions in its Middle East projects, while a potential slowdown in the UAE real estate market may intensify competition.

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

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The order has been classified as 'major,' indicating a value in the range of Rs 5,000 crore to Rs 10,000 crore.

In India, the PT&D arm has bagged an order for the design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur?Raniganj?Asansol industrial belt of West Bengal. The scope includes associated transmission line segments featuring advanced conductors and multi-circuit towers. These grid modernisation projects are aimed at ensuring a stable voltage profile and enhancing the reliability of power networks supporting infrastructure and industrial growth in the region.

In the Middle East, the business vertical has won turnkey orders from key utilities for the construction of five substations and over 250 km of transmission lines across three countries. The projects involve systems of up to 500 kV. One of the contracts also includes the supply and installation of a 400 kV underground cable system.

The company said that amid rising power demand, evolving energy mix and security-driven initiatives, grid investments have emerged as high-priority areas globally. The latest wins underscore continued customer confidence in L&T?s capabilities to deliver large-scale grid infrastructure projects in a safe, sustainable and timely manner.

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

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The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has secured a batch of EPC orders to establish electricity grid system elements in India and abroad. According to the company's project classification, the value of the orders ranges between Rs 5,000 crore to Rs 10,000 crore.

In India, PT&D has received order for design, supply and construction of two 220 kV Gas Insulated Substations in the Durgapur-Raniganj-Asansol industrial belt of West Bengal. The scope also includes associated transmission line segments with advanced conductors and multi-circuit towers. These grid modernisation jobs will provide a stable voltage profile and enhance reliability of power networks for infrastructure and industrial projects in the region.

In the Middle East, PT&D has won orders from key utilities for the turnkey construction of five substations and over 250 KM transmission lines. Located in three different countries in the region, these projects are up to 500 kV level. In one of the projects, the scope also involves supplying and installing a 400 kV underground cable system.

In view of surging demand, shifting nature of energy mix and security driven initiatives, grid investments have become high-stake, high-tech priority areas for economic forerunners. These orders reflect the unflinching customer trust on L&T for safe, flawless, sustainable and timely creation of grid backbone.

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