Larsen & Toubro Ltd (L&T) for the fourth quarter ended March 31, 2026 reported 3% Year on Year (YoY) decline in consolidated profit after tax (PAT) to ₹ 5,326 crore even though the West Asia conflict had no impact on the company’s operations & revenue during the quarter. 

“The year‑on‑year decline in consolidated PAT is primarily attributable to an exceptional gain (net of tax & NCI) of ₹ 475 crore in the previous year,” R Shankar Raman, President, Wholetime Director and Group CFO, L&T said over a conference call.