L&T Technology Services to give Rs 17/share dividend

Midcap IT company L&T Technology Services on Wednesday announced an interim dividend of Rs 17 per share and has set the record date on October 25, 2024.

The announcement was made along with company's Q2FY25 earnings. L&T Technology reported marginal rise of 2% in its consolidated net profit at Rs 320 crore for the second quarter ended September 2024. The same stood at Rs 315 crore a year ago. Revenue from operations in the reporting period increased 8% year-on-year to Rs 2,573 crore, compared with Rs 2,386 crore in the same period of last year.

"With our pipeline comprising larger sized deals involving consolidation as well as advanced technology led transformation, we are confident about the vision we set for ourselves and our medium-term outlook of $2 billion revenue with EBIT margin of 17-18%," said Amit Chadha, CEO & MD, L&T Tech.