L&T Technology reports Q4 net profit at ₹194.5 crore; recommends ₹14.5/share dividend

L&T Technology Services (LTTS) on Monday reported net profit of ₹194.5 crore for the March quarter, down 5% from ₹204.8 crore in the same quarter last year. However, the profit was up 5% on a quarterly basis as the company had posted a profit of ₹186 crore in December quarter.

The revenue from operations stood at ₹1,440.5 crore as compared to ₹1,400.7 crore in December quarter and ₹1,446.6 crore in the year ago quarter. The dollar revenue witnessed a growth of 3.9% QoQ (quarter-on-quarter) at $197.5 million.

L&T Tech posted earnings before interest and taxes (EBIT) of ₹239 crore for the quarter. EBIT margin came at 16.6%, up 140 bps QoQ. The company said that the board of directors have recommended a final dividend of ₹14.5/- per equity share.