Shares of L&T Technology Services Ltd (LTTS) started trading ex-dividend in Thursday’s session, a day before its record date for interim dividend. L&T Tech shares fall nearly 0.5% 3,548 each in early deals.
“The Board of Directors has also declared an interim dividend of Rs. 15/- per equity share. interim dividend shall be paid to the equity shareholders of the company whose names appear in the register of members or in the records of the depositories as beneficial owners of the equity shares on Friday, the 28th October, 2022, that is the record date fixed for the aforesaid purpose, “L&T Tech had informed in an exchange filing.
While announcing its Q2 Earnings for the current financial year, the Board of Directors of L&T Technology Services Limited (LTTS) Company also declared Interim Dividend 15 per share and set a record date for the following week on Friday, October 28, 2022.
L&T Technology Services, an engineering, research and development subsidiary of Larsen & Toubro Ltd., grew net profit by nearly 23% YoY Rs 282 crore saw a 24% year-on-year (YoY) growth in its Rs. 1,995 crore in Q2 FY23.
LTTS said it won two deals with a total contract value (TCV) of $10 million or more, with its largest deal during the quarter bearing a TCV of more than $60 million.
“We achieved a $1 billion annual revenue run-rate in Q2 on a constant currency basis. Our momentum continued to be strong in the second quarter and revenue grew 4.5% sequentially in constant currency. Our Electric Autonomous Connected Vehicles (Electric Autonomous Connected Vehicles) ( EACV) investments in stakes have helped us consistently win great deals,” Chadha said.
IT Stock So far in 2022 (YTD), the counter has fallen by more than 38% and in a one-year period the counter has fallen by over 24% in a one-year period.
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