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FINWIRES

L&T Technology Services Consolidated Profit Rises in Fiscal Q4; Shares Down 3%

-- L&T Technology Services (NSE:LTTS, BOM:540115) consolidated attributable net profit rose to 3.32 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.11 billion rupees a year ago.

Earnings per share contracted to 31.29 rupees from 29.32 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges.

The company's shares were down nearly 3% in Thursday's trading.

Revenue from operations in fiscal Q4 increased to 28.6 billion rupees from 26.4 billion rupees a year ago.

Additionally, the company declared second interim dividend of 40 rupees per share for the fiscal year ended March 31.

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