LTIMindtree announced its quarterly and annual results of financial year 2022-2023 on 27 april 2023. LTIMindtree is india’s fifth largest IT service company after merger.
Company post net profit for the 4th quarter is 8,757 crores against 8,717 in last quarter of same year that is flat.
LTIMindtree has 7,351 crores total income in same quarter last year, now it increases to 8,757 crores. Net Profit was stood at 1,114 crores as compared to last quarter 1,000 crores.
What is the Record Date for LTIMindtree Final Dividend 2023 ?
In the aforesaid meeting, the Board of Directors have recommended a final dividend of Rs. 40 equity share of Re. 1 each, for approval of the shareholders in AGM that is held on April 2023.
The Record Date for final dividend is 10 July 2023 now. Company said the final dividend will be paid within 30 days.
Record Date is very important, Those who have share before or on record date are eligible for dividend.
LTIMindtree Dividend History
Mindtree Limited is an Indian multinational information technology and consulting company. Here is the dividend history of Mindtree Limited
|Year||Dividend per share (in INR)|
Please note that the above information is based on publicly available sources, and there may be some discrepancies or changes in the dividend history.
It is always recommended to verify the information with the company or a financial advisor before making any investment decisions.
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LTIMindtree Biggest Share Price Crash
The highest share price crash in one day for Mindtree Limited (BSE: MINDTREE) occurred on March 19, 2020. On that day, the share price of Mindtree crashed by 20.48% from the previous day’s closing price of INR 821.50 to INR 654.60.
The reason for the crash was attributed to the global market turmoil caused by the COVID-19 pandemic, which led to panic selling by investors.
Mindtree Worst Quarterly Results
Mindtree Limited (BSE: MINDTREE) has been consistently performing well in terms of financial results over the years. However, there have been a few quarters where the company’s performance was below expectations. Here are the details of one such quarter:
The worst quarterly results for Mindtree Limited in recent years were reported for the quarter ended June 30, 2020. During this quarter, the company’s revenue declined by 6.9% to INR 1,908.8 crore, and its net profit dropped by 53.3% to INR 92.7 crore, compared to the previous quarter.
The company attributed the decline in performance to the impact of the COVID-19 pandemic on its business operations, which resulted in delayed project deliveries, reduced demand, and lower billing rates.
Despite the poor performance, the company’s management expressed confidence in its ability to bounce back in the future.