Engineering major Larsen & Toubro on Tuesday posted a net profit of Rs 5,326 crore for the March quarter, down 3% year-on-year, missing Street estimates. Excluding exceptional items, however, net profits for the quarter were up 5%. Revenues rose 11% to Rs 82,762 crore, a shade below analysts’ estimates. The company’s operating profit margins came in at 10.4% as compared to 11% in Q4FY25. As such, the operating profits of Rs 8,610 crore were up just 5% y-o-y.