Larsen and Toubro (L&T), a major engineering and construction firm in India, saw its shares drop 4% to ₹3,900 after reporting a 3% year-on-year decline in consolidated net profit for the March quarter, totaling ₹5,326 crore compared to ₹5,497 crore last year. Despite this dip, the company's consolidated revenue rose 11% to ₹82,762 crore, with international revenue contributing 53% of total sales. L&T's operating performance remained stable, with EBITDA increasing 5% to ₹8,610 crore. The firm recorded order inflows of ₹89,772 crore, with international orders accounting for 67% of total inflows. Analysts remain optimistic; Jefferies has raised its target price to ₹4,885, while Goldman Sachs maintains a target of ₹4,370. Both firms highlight L&T's strong order inflow momentum and the potential of its Lakshya 2031 strategy, which aims for 10-12% growth in order inflows and 12-15% growth in revenue through 2031.