West Asia continues to be a critical market for L&T. As of December 2025, the region accounted for nearly 40% of the company’s total order book, according to a report by Motilal Oswal Financial Services. Within its international portfolio, the region contributes roughly 75% of the order book.
The development is significant given its sizable exposure to the Middle East. L&T Group’s Deputy Managing Director and President, Subramanian Sarma, noted that the company operates over 100 sites across key markets such as Saudi Arabia, the UAE, Qatar, Kuwait and Oman. L&T has 8,000 staffers and 2,000 of their family members, along with an additional 20,000 contractual workers at its sites in the Middle East.
Given the conflict in West Asia, L&T share price has corrected nearly 15% in the past month and has declined 10% since the beginning of the new year.
L&T Q3 snapshot
Engineering and construction major Larsen & Toubro (L&T) reported a 4.3% YoY decline in its December quarter consolidated net profit at Rs 3,215 crore compared to Rs 3,359 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the parent.
The company’s revenue from operations stood at Rs 71,450 crore in Q3FY26, up 10% over Rs 64,668 crore posted in the corresponding period of the last financial year.
The total consolidated PAT for the quarter includes a one-time material provision of Rs 1,191 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes, the company filing said.
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