Updated April 25th 2025, 18:40 IST
The shares of L&T Technology Services declined around 7% on Friday to Rs 4,165.90 on the BSE as the company reported a 9% year-on-year decline in profit for the fourth quarter of FY25.
The IT services major observed a net profit of Rs 311 crore for the quarter ended March 2025, down from Rs 341 in the same period last year.
Despite reduced profit, the firm reported a 17.5% rise in revenue from operations at Rs 2,982.4 crore in the fourth quarter.
The firm posted an EBIT margin of 13.2% and an EBITDA margin of 19.8% for the March quarter.
The company also declared a final dividend of Rs 38 per equity share for FY25 and the record date is yet to be announced.
This dividend will be paid in 30 days of receiving the requisite approvals.
the shares of L&T Technology Services have crashed 22% in the last three months and are down 19% over the last year.
Additionally, the stock has slipped 7.4% in the last month.
Published April 25th 2025, 14:35 IST