Larsen & Toubro announced that the Board of Directors of the Company at its meeting held on 10 May 2019, has recommended a Final dividend of Rs.18 per share (i.e.900%), subject to the approval of the shareholders.

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Meanwhile, the S&P BSE Sensex was down 27.07 points, or 0.07% to 37,435.95

On the BSE, 22,000 shares were traded in the counter so far compared with average daily volumes of 1.13 lakh shares in the past two weeks. The stock had hit a high of Rs 1,354.95 and a low of Rs 1,326.50 so far during the day.

Larsen & Toubro (L&T) reported 7.92% rise in consolidated net profit to Rs 3,418.24 crore on 10.86% rise in total income to Rs 45,555.29 crore in Q4 March 2019 over Q4 March 2018.

The order intake for the quarter ended 31 March 2019 at Rs 56,538 crore grew by 14% y-o-y. International order inflow during the quarter at Rs 17,680 crore constituted 31% of the order inflow for the quarter. Consolidated Order Book of the group stood at Rs 293,427 crore as at 31 March 2019, with international Order Book constituting 22% of the total Order Book.

The company continues to focus on profitable execution of its robust order book, positioning well for emerging opportunities and is confident of pursuing its growth plans, with the aim of maximizing shareholder returns (RoE) on a sustainable basis. L&T said.

The Board of Directors has recommended for the approval of shareholders, a dividend of Rs 18 per equity share.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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Larsen & Toubro announced that the Annual General Meeting (AGM) of the company will be held on 1 August 2019.

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Larsen & Toubro announced that the Board of Directors of the Company at its meeting held on 10 May 2019, has recommended a Final dividend of Rs.18 per share (i.e.900%), subject to the approval of the shareholders.

Powered by Capital Market - Live News