LTIMindtree shares jump 5% post Q2; here’s why
The board of LTIMindtree has declared an interim dividend of ₹20 per equity share of ₹1 each.
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Driving Transition At LTIMindtree
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.
LTIMindtree Q1 profit rises 4% to ₹1,151 cr; revenue up 14%
Revenue from operations jumped 13.8% year-on-year to ₹8,702 crore
LTIMindtree Q4 results: Profit flat at ₹1,114 cr; declares dividend of ₹40
In dollar terms, net profit dropped 7.8% YoY to $135.6 million, while revenue rose 11.9% YoY to $1,057.5 million.
LTIMindtree share drops 10% in four days after listing
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
LTI-Mindtree merged entity ‘LTIMindtree’ falls 2% on listing
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.
Mindtree-L&T Infotech merger completed; becomes 5th largest IT company by m-cap
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.
Mindtree Q2 net profit grows 27.5% to ₹509 cr; revenue up 31%
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.
How Wipro, HCL Tech shares reacted to Q2 results?
Wipro shares fell 6% to hit its 52-week low of ₹383.25 on disappointing earnings, while HCL Tech rose 4% on dividend payout.
L&T Infotech Q1 profit up 27.7% to ₹634 cr on large deal wins
L&T Infotech's revenue rose 30.6% on a YoY basis to ₹4,522.8 cr; Q1 EBITDA margin declined to 18.4% from 18.7% during the same period last year
