Larsen & Toubro (L&T), a leading Indian infrastructure company, reported a 3.1% decline in consolidated net profit for the quarter ending March 2026, amounting to ₹5,326 crore ($558.98 million). The decline is attributed to disruptions caused by the ongoing conflict in the Middle East, which has affected project execution, delayed payments, and increased logistics costs. Approximately 52% of L&T's record order backlog of ₹7.4 trillion ($77.67 billion) comes from international orders, highlighting the company's significant exposure to the region. In response to these challenges, L&T has appointed P Ramakrishnan as its new Chief Financial Officer, succeeding the current finance chief, who will step down by the end of June. Despite the challenges posed by geopolitical tensions, L&T's Chairman and Managing Director S N Subrahmanyan emphasized the company's diversified portfolio, which is designed to ensure resilience and capitalize on growth opportunities.