BSE
Your Result on : Detailed News
Back
Larsen & Toubro declines amid Middle East concerns; says operations largely stable
23-Mar-26   15:01 Hrs IST

To address these concerns, the company held a media interaction on 21 March 2026 in Mumbai. It stated that project execution across the region remains on track, with operations continuing under challenging conditions.

The company said over 95% of its project sites in West Asia are functioning normally. Only a small number of sites have been temporarily paused as a precaution, with no evacuation of personnel.

Larsen & Toubro added that it remains focused on employee safety and is in constant coordination with regional teams and clients. It is also cautious about deploying additional workforce amid the evolving situation.

However, the company flagged supply chain disruptions and rising insurance costs as near-term risks. It noted that shipments from China and Europe have been impacted, though alternative routes are being explored, with normalisation expected over the next two to three months.

Since the escalation of the Middle East conflict on 28 February 2026, shares of Larsen & Toubro have corrected by around 18.06%, reflecting investor concerns over the company's significant regional exposure. The Middle East remains a crucial market, contributing nearly 37% to its Rs 7.33 lakh crore order book and 33% to order inflows in 9MFY26.

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

On a consolidated basis, net profit of L&T declined 4.28% to Rs 3215.11 crore while net sales rose 10.49% to Rs 71449.70 crore in Q3 December 2025 over Q3 December 2024.

Powered by Capital Market - Live News

Risk Factor   |   Terms & Conditions   |   Privacy Policy   |   Disclaimer   |  Sitemap 
Important Links:   SEBI   |   NSE   |   BSE   |   MCX   |   NCDEX   |   NSDL   |   CDSL  |   FMC
SMS FINANCIAL SERVICES P. LTD -NSE SEBI No. AP1413004363 | BSE SEBI No. AP01091801121968
Ganesh S Shanbhag – AMFI Registered Mutual Fund Distributor. Registration Number – ARN-0988 – Valid Till 01/JUL/ 2027, Date of initial registration: 02/DEC/2004
2017-18 © SMS Financial Services. All rights reserved. Designed, Developed and Maintained by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)