{"id":381290,"date":"2020-10-29T12:09:41","date_gmt":"2020-10-29T06:39:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381290"},"modified":"2020-10-29T12:44:20","modified_gmt":"2020-10-29T07:14:20","slug":"larsen-toubro-declares-special-dividend-of-rs-18-per-share","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larsen-toubro-declares-special-dividend-of-rs-18-per-share\/","title":{"rendered":"Larsen &amp; Toubro declares special dividend of Rs 18 per share"},"content":{"rendered":"<p>Engineering &amp; construction major Larsen &amp; Toubro (L&amp;T) on Wednesday declared a special dividend of Rs 18 per share as it looked to distribute a part of the proceeds from the Schneider Electric deal to its shareholders. However, the dividend amount came at the lower end of analyst estimates. <\/p>\n<p>L&amp;T which declared its results for the quarter ended September 30 saw a 45 per cent decline in its consolidated net profit to Rs 1,410.29 crore compared with Rs 2,551.67 crore in the same period of the previous year. <\/p>\n<p>While this number was slightly ahead of analyst estimates, L&amp;T said the bottomline was impacted by the pandemic in terms of lower revenue, higher credit provisions in the financial services business and disruption of the metro services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering &amp; construction major Larsen &amp; Toubro (L&amp;T) on Wednesday declared a special dividend of Rs 18 per share as it looked to distribute a part of the proceeds from the Schneider Electric deal to its shareholders. However, the dividend amount came at the lower end of analyst estimates. L&amp;T which declared its results for the quarter ended September 30 saw a 45 per cent decline in its consolidated net profit to Rs 1,410.29 crore compared with Rs 2,551.67 crore in the same period of the previous year. While this number was slightly ahead of analyst estimates, L&amp;T said the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-381290","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}