Happiest Minds: Focus On Youth, Wellness Pays Off
IT services firm uses technology to hire/retain staff and make communication a two-way street.
IT services firm uses technology to hire/retain staff and make communication a two-way street.
The board of LTIMindtree has declared an interim dividend of ₹20 per equity share of ₹1 each.
Debashis Chatterjee has leveraged the strengths of both L&T Infotech and Mindtree, and led the merged entity to cash in on the technology boom.
Revenue from operations jumped 13.8% year-on-year to ₹8,702 crore
In dollar terms, net profit dropped 7.8% YoY to $135.6 million, while revenue rose 11.9% YoY to $1,057.5 million.
Extending losing streak for the fourth straight session, LTIMindtree shares declined as much as 2.4% to hit an intraday low of ₹4,575 on the BSE
Last month, L&T Group announced the merger of its IT subsidiaries in a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
The company’s revenue from operations surged 31.5% at ₹3,400.4 crore, compared to ₹2,586 crore in the same period last year.
Wipro shares fell 6% to hit its 52-week low of ₹383.25 on disappointing earnings, while HCL Tech rose 4% on dividend payout.