L&T stock rallies 4%, turns YTD positive; here’s why the stock surged on Monday

Larsen & Toubro (L&T) shares gained 4% to an intraday high of ₹4,214.90 apiece on Monday, June 15, while the stock turned positive on a year-to-date (YTD) basis. The stock was outperforming the NIFTY50 index, becoming one of the major contributors.

At 2:55 PM, L&T shares were trading at ₹4,170 apiece on the National Stock Exchange, rising 2.98%.

In the last five trading sessions, the stock has jumped 7%. Over a month’s time, it has rallied over 6%, while it has climbed 2% in the past six months. From the beginning of the year, L&T shares have soared nearly 1%.

The shares of the company have, however, fallen 5% from their 52-week high of ₹4,440 apiece, hit on February 24, 2026.

Here's why the stock rallied on Monday

The US and Iran reached a peace deal on Sunday. US President Donald Trump declared that a peace deal with Iran had been completed and said he was authorising the reopening of the Strait of Hormuz and the removal of a US naval blockade.

Following this, L&T shares witnessed a significant rally on Monday, as the company has major exposure to the West Asia region.

The company, which derives over 35% of its revenue from the conflict-affected Middle East region amid the US and Israel’s strikes on Iran and subsequent retaliatory actions, had earlier flagged logistics and supply chain disruptions as key challenges, cautioning that prolonged tensions could pose risks to revenue.

In March, Deputy Managing Director Subramanian Sarma had said that L&T does not see any immediate impact on revenues, as the 5% of projects where work has been stalled does not contribute significantly to the topline. However, if the logistical issues do not get resolved in three months, there can be an impact through revenue deferment.

Some recent orders

On May 26, L&T’s subsidiary L&T GeoStructure secured multiple significant orders worth between ₹1,000 crore and ₹2,500 crore. This included the largest-ever piling order, secured from JSW Utkal Steel Ltd.—a subsidiary of JSW Steel—at the 10 MTPA Integrated Steel Plant at Paradeep, Odisha.

The business has secured two separate orders from the Inland Waterways Authority of India (IWAI) for the engineering, procurement, and construction of ship repair facilities (SRF) at Patna and Varanasi.

This year in March, L&T’s Power Transmission & Distribution (PT&D) vertical had bagged a batch of “major” orders for establishing electricity grid system elements in India and the Middle East. According to L&T’s classification, major orders translate to projects ranging between ₹5,000 and ₹10,000 crore.

L&T Q4 earnings

Larsen and Toubro had reported a 3% decline in its consolidated net profit at ₹5,326 crore for the quarter ending March 31 of the financial year 2025-26. The infrastructure major had seen a profit of ₹5,497 crore in the same quarter of the previous fiscal year.

The firm said the total consolidated PAT for the year of ₹16,084 crore includes a one-time material provision of ₹1,155 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labor codes, which has been classified under "Exceptional Item."

L&T’s revenue from operations for the quarter under review was at ₹82,762 crore, marking a growth of 11.3% from ₹74,392 crore reported in the fourth quarter of FY25. The firm’s international revenues stood at ₹43,747 crore, contributing 53% of the total revenues.

For Q4 FY26, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 5% year-on-year (YoY) to ₹8,610 crore as against ₹8,202 crore in Q4 FY25. Its margin contracted at 10.4% in contrast to 11.03% YoY.

The Group’s consolidated order book as of March 31, 2026, stood at an all-time high of ₹740,327 crore, reflecting a 28% growth over March 2025. International orders constituted 52% of the overall order book.

According to NSE data, Larsen & Toubro has a market capitalisation of ₹5.74 lakh crore.