LTIMindtree Shares: IT sector company LTIMindtree has announced dividend to its shareholders. The company said that eligible shareholders will be given an interim dividend of Rs 22 per share for the current financial year. The company said that the record date for dividend has been fixed as October 24.
On the basis of record date, the company identifies the shareholders eligible for dividend. LTIMindtree said that the dividend will be paid to the shareholders within 30 days of its announcement.
LTIMindtree also announced its September quarter results for the current financial year on Thursday, October 16. The company said that its net profit in the September quarter increased by 12 percent year-on-year to Rs 1,401 crore, which was Rs 1,251 crore in the same quarter of the previous financial year.
The company’s revenue during this period increased by 5.6 percent on an annual basis to Rs 10,394.3 crore, which was Rs 9,840.6 crore in the same quarter a year ago.
The company’s operating profit (EBIT) increased by 17 percent to Rs 1,648.1 crore in the September quarter, compared to Rs 1,406.5 crore in the same quarter of the previous financial year. The company’s EBIT margin improved to 15.9 percent, which was 14.3 percent in the previous quarter.
status of shares
Shares of LTIMindtree closed at Rs 5,615.00 with a rise of 0.09 per cent on NSE on Thursday. The company’s shares have increased by about 31 percent in the last 6 months. However, since the beginning of this year till now the price of its shares has remained almost flat.
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