Share value of Larsen and Toubro (L&T) Technology Services declined greater than seven per cent on Tuesday, May 4, a day after the corporate introduced its January-March quarter outcomes for the monetary 12 months 2020-21. On Tuesday, L&T Technology opened on the BSE at Rs 2,700, witnessing an intra day excessive of Rs 2,700 and an intra day low of Rs 2,560, within the buying and selling session up to now. According to a regulatory submitting by the shape to the BSE, L&T Technology reported a consolidated revenue of Rs 204.8 crore within the March quarter, in comparison with Rs 186.1 crore within the earlier October-December quarter for fiscal 2020-21.
According to the assertion, L&T Technology providers’ revenues elevated from Rs 1,400.7 crore to Rs 1,446.6 crore on a quarter-on-quarter foundation. On the NSE, L&T Technology opened at Rs 2,690, touching an intra day excessive of Rs 2,690 and an intra day low of Rs 2,557.80, within the buying and selling session up to now. It was final buying and selling 7.28 per cent decrease at Rs 2,593.75 on the NSE.
On May 3, the corporate’s board of administrators advisable a ultimate dividend of 725 per cent, which suggests, Rs 14.50 per fairness share of a face worth of Rs 2 every. This is topic to the approval of the shareholders of the agency. L&T Technology added that the date of ebook closure for the aim of ultimate dividend can be notified at a later stage.
Shares of L&T Technology was final buying and selling 7.29 per cent decrease at Rs 2,593 on the BSE.
