{"id":593552,"date":"2023-07-26T10:32:28","date_gmt":"2023-07-26T05:02:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=593552"},"modified":"2023-07-26T12:06:37","modified_gmt":"2023-07-26T06:36:37","slug":"lt-announces-rs-10000-cr-share-buyback-rs-6-share-special-dividend","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-announces-rs-10000-cr-share-buyback-rs-6-share-special-dividend\/","title":{"rendered":"L&amp;T announces Rs 10,000 cr share buyback, Rs 6\/share special dividend"},"content":{"rendered":"<p>Engineering and construction giant Larsen &amp; Toubro on Tuesday announced that its board has approved a Rs 10,000 crore share buyback of up to Rs 3,000 apiece, as well as a special dividend of Rs 6 per share for the fiscal ending March 2023. The company also reported a better-than-expected consolidated net profit of Rs 2,493 crore for the first quarter of FY24.<\/p>\n<p>\u201cFrom an efficiency standpoint, the buyback is an important exercise to support the company&#8217;s progress towards targeted return on equity ranges,\u201d said Nirav Karkera, who heads research at financial services provider Fisdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering and construction giant Larsen &amp; Toubro on Tuesday announced that its board has approved a Rs 10,000 crore share buyback of up to Rs 3,000 apiece, as well as a special dividend of Rs 6 per share for the fiscal ending March 2023. The company also reported a better-than-expected consolidated net profit of Rs 2,493 crore for the first quarter of FY24. \u201cFrom an efficiency standpoint, the buyback is an important exercise to support the company&#8217;s progress towards targeted return on equity ranges,\u201d said Nirav Karkera, who heads research at financial services provider Fisdom.<\/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":[146,130,234],"tags":[],"class_list":["post-593552","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593552","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=593552"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593552\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=593552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=593552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=593552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}