L&T announced dividend for Q2. L&T offer 900% dividend to their shareholders. Shareholder will get to know about dividend on 5th November 2020.
L&T Q2 net profit drops 45% YoY to Rs 1,410 cr; firm announces dividend at Rs 18 per share.
EPC major Larsen & Toubro on Wednesday said its consolidated net profit fell 44.73 per cent year-on-year (YoY) to Rs 1,410.29 crore for the September quarter compared with Rs 2,551.67 crore in the same quarter last year.
The revenue from operations for the quarter dropped to Rs 31,034.74 crore from Rs 35,328.45 crore, a fall of 12.15 per cent YoY. The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Thursday, November 5, 2020.
L&T Dividend Percentage & Record Date
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About L&T Company:
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate, with global operations, headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India.