Larsen & Toubro (L&T), a major Indian multinational in engineering and construction, reported a 3% decrease in consolidated profit after tax (PAT) for the March quarter of FY26, totaling ₹5,326 crore compared to ₹5,497 crore in the previous year. This decline was attributed to an exceptional gain of ₹475 crore in the same quarter last year. However, the company experienced an 11% increase in revenue from operations, reaching ₹82,762 crore. Chairman and Managing Director S N Subrahmanyan noted that L&T is divesting its stakes in Nabha Power Ltd and L&T Metro Rail (Hyderabad), aligning with its strategy to exit the concessions portfolio. The consolidated order book as of March 31, 2026, hit a record high of ₹7,40,327 crore, marking a 28% growth compared to the previous year, with international orders accounting for 52% of the total. The company remains optimistic about India's macroeconomic fundamentals and the growth potential of its service sector and digital economy, which are expected to drive future growth. L&T's board has also recommended a final dividend of ₹38 per equity share for FY26, pending shareholder approval.