LTIMindtree Announces Dividend Of Rs 45 Per Share

LTIMindtree Ltd.'s board of directors declared on Wednesday a final dividend of Rs 45 per equity share of Re 1 each for the financial year ended March 31.

The dividend will be paid after the annual general meeting, subject to approval of the shareholders of the company, according to an exchange filing.

The company's board announced that subject to approval of members, the final dividend will be paid within 30 days from the conclusion of the AGM. Record date for the purpose of determining members eligible to receive dividend and the date of AGM, shall be intimated in due course.

Additionally, the board of directors have approved and recommended for approval of members, appointment of Alwyn Jay & Co., practising company secretaries as secretarial auditor for a term of five consecutive years commencing from fiscal 2025–26 up to fiscal 2029–30.

LTIMindtree's net profit rose 4% sequentially in the fourth quarter to Rs 1,128 crore, as compared to Rs 1,085 crore in the year-ago period, according to the consolidated results declared by the company on Wednesday. The bottom line posted by the IT firm has met the consensus estimate of analysts tracked by Bloomberg.

LTIMindtree's revenue rose marginally by 1% during the quarter under review to Rs 9,772 crore, as against Rs 9,661 crore in the year-ago period. This was also in line with the estimates.

Shares of LTIMindtree closed 5.01% higher to Rs 4,536.70 apiece, compared to the 0.67% advance at the benchmark NSE Nifty 50.