LTIMindtree Dividend 2024: Board declares final dividend of Rs 45 - Check details

LTIMindtree Dividend 2024: LTIMindtree, the country's fifth largest IT company by market value, has announced a final dividend of Rs 45 or 4500 per cent per equity share. According to the company, the final dividend will be paid within 10 days from the conclusion of the AGM.

"Board of Directors have recommended a final dividend of Rs. 45/- per equity share of Re. 1 each, for approval of shareholders at the ensuing Annual General Meeting (‘AGM’)," the company said in an exchange filing.  

Meanwhile, the company has reported a consolidated net profit of Rs 1,099.9 crore for the January-March period, down 5.9 per cent on a quarter-on-quarter basis and falling short of analysts' expectations.  

ALSO READ | LTIMindtree Q4 Results: Net profit drops 5.9% sequentially, misses Street estimates

Its fourth-quarter revenue declined 1.4 per cent sequentially to Rs 8,892.9 crore, according to a regulatory filing. 

Earlier, Zee Business Research estimated the company's net profit at Rs 1,150 crore and revenue at Rs 8,930 crore. 

Meanwhile, the counter closed at Rs 4,732.55 with a surge of 0.23 per cent from the previous close of Rs 4721.85 on the BSE. The scrip of LTIMindtree, which has a market cap of Rs 43,449, has a 52-week high of Rs 6,442.65 and a 52-week low of Rs 4,152.60.