Larsen & Toubro Ltd – Profit Dip & Outlook Cut

L&T shares fell sharply (~3–4%), hitting a short-term low after reporting a ~3.1% decline in quarterly profit. The company also guided for slower revenue growth (10–12%), citing geopolitical risks in the Middle East — a key region contributing ~40% of its order book. While long-term order inflows remain strong, margin pressure and global uncertainty are weighing on near-term sentiment.