L&T Faces Profit Slump due to High-Base Effect

Shares of Larsen & Toubro (L&T) dipped over 1% on Wednesday following the company's report of a 3% decline in consolidated profit after tax for the March quarter of FY26.

This decline was largely due to a high-base effect arising from exceptional gains the previous year, despite an 11% increase in revenue from operations compared to the year-ago period.

The L&T stock concluded trading at Rs 4,008.35 on the BSE, down 1.18%, after plummeting as much as 3.84% during intra-day trading.

(With inputs from agencies.)