LTIMindtree, a major IT company, announced an interim dividend of Rs 20 per share for its shareholders on Thursday. The record date for this dividend will be October 25, meaning shareholders must own shares by this date to receive the payment.
The company made this announcement along with its earnings report for the second quarter of FY25, where it showed an 8% year-on-year increase in consolidated net profit, reaching Rs 1,251 crore. Revenue from operations also grew by 6% year-on-year, totaling Rs 9,433 crore.
In US dollar terms, revenues for the quarter were $1.1 billion, reflecting a 5% year-on-year increase and a 3% rise from the previous quarter.
LTIMindtree anticipates continued growth in key areas and significant hiring in Q2, including new graduates, which they believe positions them well for the rest of the fiscal year.
Debashis Chatterjee, the CEO and Managing Director, said, “Q2 was a strong quarter with broad growth across all sectors and regions, resulting in a dollar growth of 2.8%. We closed several multi-year deals, including one worth over $200 million.”
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