L&T Technology Services Ltd. recommended a final dividend of Rs 38 per equity share for the last financial year, according to an exchange filing on Thursday.
The company's board of directors recommended the dividend with a face value of Rs 2 each. This is subject to appproval from the tech company's shareholders at their annual general meeting.
The firm will pay the final dividend within 30 days after shareholder approval. The record date for dividend and the AGM are yet to be announced and will be in due time.
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%.
Shares of LTTS closed 0.64% higher at Rs 4,477.90 apiece on the NSE, compared to a 0.34% decline in the benchmark Nifty.
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