L&T bags multiple orders worth ₹1,000-2,500 crore in Gujarat, Andhra Pradesh; check stock performance

The fall in the stock also comes amid a broad-based sell-off in the market and tensions over the West Asia crisis.

The stock was trading 2.04% lower at ₹3,547.90 per equity share at around 2:10 PM. It has declined as much as 2.8% to touch an intraday low of ₹3,547 per unit on the National Stock Exchange (NSE) on Friday.

The scrip has risen 4% in the past week but lost 16% over the month. On a year-to-date basis, it has declined 14%.

While the share hit a 52-week high of ₹4,440 on February 24, 2026, it touched a year’s low of ₹2,965.30 apiece on April 7, 2025.

Order wins

In a regulatory filing on Friday, the company said that it has secured multiple orders across several Indian states, including Gujarat and Andhra Pradesh.

It added that it bagged “significant” orders for its B&F business vertical. According to L&T’s classification, a significant order translates to projects ranging from ₹1,000 to ₹2,500 crore.

In Gujarat, L&T said it secured an order for the construction of a Float Glass Plant. The scope includes design and construction of all civil, steel, mechanical, electrical & plumbing, and associated external development.

In Andhra Pradesh, it added that the B&F business won an order from a leading two-wheeler company for the construction of its “state-of-the-art” manufacturing facility.

Furthermore, it noted that the scope of the project includes civil, steel and architectural works.

L&T added that the business also secured multiple add-on orders in existing projects.

In a separate regulatory filing dated March 25, the EPC MNC stated that its water and effluent treatment (WET) business vertical bagged a design-build-operate order, worth ₹1,000-2,500 crore, from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam, for a water management project.

According to the company, the 24x7 water management project was conceived to deliver a safe, continuous water supply to households in South-East Guwahati. It added that the project aims to improve the reliability of the city's water supply.

Q3 results

L&T reported a 4.29% year-on-year decline in its consolidated net profit at ₹3,926 crore for the third quarter of FY26, compared to the profit of ₹3,359 crore it logged in the same quarter of the previous fiscal year.

The total consolidated PAT for the quarter at ₹3,215 crore included a one-time material provision of ₹1,191 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes, which was classified under Exceptional Items.

Its revenue from operations grew 10.49% YoY to ₹71,450 crore for the quarter under review, as against ₹64,668 crore it reported in the December quarter of FY25.

L&T has a total market capitalisation of ₹4.93 lakh crore, as of March 27, 2026, according to data on the NSE.