Shares of L-T Infotech were last trading 2.75 per cent lower at Rs 4,295.90 on the BSE.Share rate of Larsen and Toubro (L-T) Infotech declined around 3 percent on Friday, July 16, after the company revealed its April-June quarter results for the financial year 2021-22.
On Friday, L-T Infotech opened on the BSE at Rs 4,396.10, inching to an intra day high of Rs 4,396.10 and an intra day low of Rs 4,253.35, during the trading session so far.
The IT company reported a net earnings of Rs 496.8 crore on a consolidated basis in the first quarter of the current fiscal year.The company's earnings increased 19.3 per cent year-on-year as its net earnings was available in at Rs 416.4 crore in the matching quarter of the previous fiscal year.
L-T Infotech's profits for operations in the June quarter stood at Rs 3,462.5 crore, compared to Rs 2,949 crore in the exact same quarter of the previous financial, marking an increase of 17.4 percent year-on-year.
The company's board of directors stated a special dividend for the fiscal year 2021-22 of Rs 1- per equity share of stated value of Re 1, each fully paid-up.
The dividend will be paid to the equity shareholders on August 2, 2021, according to a regulatory exchange by the firm to the stock exchanges.On the NSE, L-T Infotech opened at Rs 4,399, signing up an intra day high of Rs 4,399 and moving to an intra day low of Rs 4,251, in the session so far.
It was last trading 2.67 percent lower at Rs 4,302.35 on the NSE.Shares of L-T Infotech were last trading 2.75 percent lower at Rs 4,295.90 on the BSE.