L&T Technology Services Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of L&T Technology Services Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

L&T Technology Services' board announced a final dividend of Rs 38 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 6. The total value of the dividend to be disbursed amounts to around Rs 402 crore.

The firm will pay the final dividend within 30 days after shareholder approval. The record date for the dividend and the AGM are yet to be announced.

Given India's T+1 settlement cycle, shares purchased on the record date (June 6 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 5 will be the beneficiaries.

The company is giving a total dividend of Rs 55 per share, including an interim dividend of Rs 17 for the last financial year.

In comparison, the company had issued a final dividend of Rs 33 on June 14, 2024 and an interim dividend of Rs 17 on Oct. 27, 2023.

The IT services firm's consolidated net profit went down 3.4% in the final quarter of fiscal 2025, missing the estimates shared by analysts. It logged a bottom line of Rs 311 crore, which missed the consensus estimate of Rs 355 crore of the analysts tracked by Bloomberg.

The company posted a revenue of Rs 2,982 crore in the fourth quarter, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a consensus estimate of Rs 3,036 crore.

The firm's earnings before interest and taxes was down 6.6% at Rs 394 crore as compared to the last quarter's Rs 422 crore. The Bloomberg estimate was at Rs 545.53 crore.

The EBIT margin narrowed to 13.2% from 15.9%. The Bloomberg estimate was 18%.