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L&T to consider special dividend on 28 Oct

Capital Market 

The board of L&T will meet on 28 October 2020 to consider a special dividend on equity shares for the financial year 2020-21.

The record date for the special dividend, if declared, is fixed on 5 November 2020, L&T said.

Shares of L&T rose 0.53% to settle at Rs 941.20 on Friday.

L&T's board will also consider Q2 results on 28 October 2020.

On a consolidated level, L&T reported a 67.3% decline in net profit to Rs 645.07 crore in Q1 June 2020 from Rs 1,972.52 crore in the same period last year. Net sales dropped 28.3% to Rs 21,259.97 crore from Rs 29,635.95 crore.

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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, October 24 2020. 10:48 IST