Technology

L&T Tech announces dividend of ₹14.50 even as revenue for the year dips by 3%

India Business Wire India Q4 Revenue of 197.5mn, up 4% QoQ Q4 Net profit of ₹195 crore, up 5% QoQ L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter and full year ended March 31, 2021.

Highlights for Q4FY21 include:

Revenue at ₹14,405 million; growth of 2.8% QoQ USD Revenue at 197.5 million; growth of 3.9% QoQ EBIT margin at 16.6%; up 140 bps QoQ Net profit at ₹1,945 million; growth of 4.5% QoQ

Highlights for FY21 include:

Revenue at ₹54,497 million; decline of 3% USD Revenue at 737 million; decline of 6.3% EBIT margin at 14.5% Net profit at ₹6,633 million; decline of 19% Board has recommended a final dividend of ₹14.50 per share During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and…

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