L&T Shares Plummet Over 7%, Hit Five-Week Low Amid Increased Middle East Exposure Concerns

Larsen & Toubro Shares Plummet 7% Amid Escalating Middle East Tensions

On March 4, shares of Larsen & Toubro experienced a significant decline, falling more than 7% to a five-week low. The construction and engineering firm's stock price dropped to Rs 3,760 per share at 10:25 am, marking it as the top loser on the Nifty index, which traded 1.8% lower during morning trade.

Larsen & Toubro's performance has been impacted over the last four sessions, with a loss of approximately 12.5%. The company reported a 4.2% drop in consolidated profit after tax (PAT) at Rs 3,215 crore in the December quarter, attributed to a one-time provision for employee benefits related to new labour codes.

For the nine months ended December 31, 2025, Larsen & Toubro reported international orders worth Rs 1,91,084 crore, accounting for 55% of the total order inflow. International revenues stood at Rs 38,775 crore, constituting 54% of total revenues in the December quarter. The company had highlighted the potential for strong growth in the GCC region, driven by investments in AI infrastructure, data centers, and urban projects in Saudi Arabia and the UAE.

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