Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
L&T net declines 4% on impact of labour codes
Financial Express Pune
|January 29, 2026
MISSING ANALYST ESTIMATES by a wide margin, construction and engineering major Larsen & Toubro (L&T) posted a 4.3% decline in net profit in the third quarter of FY26 at ₹3,215 crore compared with $3,359 crore in the year-ago period. Analysts estimated a profit of $4,494 crore.
The profit came down because of an exceptional item of 1,191 crore pertaining to provisions for gratuity liability of its workforce under the new labour codes. Without the exceptional item, PAT was at ₹4,400 crore — a 31% year-on-year (yo-y) growth — the company said.
The company got orders worth ₹1,35,581 crore, reflecting a yo-y growth of 17% for the third quarter of FY26.The company posted the highest-ever quarterly order inflows, driven by strong domestic momentum. Domestic order inflows stood at ₹68,800 crore, about 51% of the total inflows. International orders stood at ₹66,848 crore, accounting for 49% to the total. In Q3FY25, international inflows accounted for 54% of the total and domestic orders 46%.
This story is from the January 29, 2026 edition of Financial Express Pune.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Pune
Financial Express Pune
Folk Music and Dance of Uttarakhand
Tucked in the lap of the Himalayas, Uttarakhand has a rich cultural heritage.
2 mins
February 27, 2026
Financial Express Pune
Apple in talks with pvt banks for payments rollout in India
iPHONEMAKER EYES MID-YEAR LAUNCH
2 mins
February 27, 2026
Financial Express Pune
NFRA to release fresh probe reports of top 10 auditors
THE NATIONAL FINANCIAL Reporting Authority (NFRA) will release the inspection reports on the top 10 audit firms, including the Big Four, by the end of March 2026, according to a senior official.
1 mins
February 27, 2026
Financial Express Pune
DGCA rolls out 48-hour free cancellation
THE DIRECTORATE GENERAL of Civil Aviation (DGCA) has revised air ticket refund norms, allowing passengers to cancel or amend bookings without paying additional charges within 48 hours of making a reservation, subject to conditions linked to the date of travel.
1 min
February 27, 2026
Financial Express Pune
Motilal arm announces first closure of pvt credit fund
MOTILAL OSWAL ALTERNATES on Thursday announced the first closure of its private credit fund, India Credit Excellence Fund - I, at Rs 1,700 crore.
1 min
February 27, 2026
Financial Express Pune
Samsung plans big AI push for smartphones
SAMSUNG ELECTRONICS IS sharpening its focus on on-device artificial intelligence (AI) as it looks to reposition smartphones from feature-centric products to platforms that distribute multiple AI services, a senior company executive said on Thursday.
1 mins
February 27, 2026
Financial Express Pune
Next M&M EV coming in 2027
MAHINDRA & MAHINDRA IS preparing to expand its born-electric portfolio with an all-new SUV slated for launch in 2027, based on the BE.O7 concept first showcased in 2022.
1 min
February 27, 2026
Financial Express Pune
Delhi airport shuts third runway till May 26
THE INDIRAGANDHI International Airport has closed runway 29L/11R for rehabilitation work, which will extend until May 25, a Notice to Airmen issued by the Airports Authority of India showed.
1 min
February 27, 2026
Financial Express Pune
Cognizant AI chief says risk to big IT firms ‘overblown’
FEARS THAT NEW artificial intelligence tools could replace large IT services firms are “overblown” as clients still need help deploying and scaling the technology, Babak Hodjat, chief AI officer at Cognizant, told Reuters.
1 min
February 27, 2026
Financial Express Pune
Sebi overhauls MF rulebook
MORE GOLD, SILVER EXPOSURE ALLOWED
1 mins
February 27, 2026
Listen
Translate
Change font size