L&T Tech has released its second quarter results. The company's profit has been weaker than market estimates. According to the information given by the company, its profit has been Rs 319.6 crore, an increase of 1.3 percent compared to last year. However, in the CNBC TV 18 poll, the profit was estimated to be Rs 319.6 crore. The company has also announced dividend for investors along with the results. The company released its results after the market closed. In Wednesday's trading, the stock of L&T Technology Services closed at 5336 with a gain of 0.33 percent.

Along with the results,

the company has announced that it will give a dividend of Rs 17 per share to its investors. The company has fixed October 25 as the record date for dividend. This means that the investors whose names are registered as shareholders of the company on October 25 will get the benefit of dividend. How were the quarterly results? The company's profit in the second quarter has increased by 1.3 percent compared to last year and 1.9 percent compared to the first quarter. At the same time, the company's income has increased by 4.5 percent on a quarter-on-quarter basis to Rs 3572.9 crore. EBIT has increased by 1.1 percent to Rs 387.7 crore during this period. At the same time, the margins have remained at 15.1 percent which were at 15.6 percent a year ago. Dollar revenue has reached $ 307 million with a growth of 4.1 percent compared to the first quarter. In the quarterly results, the company's income in rupees has been better than the market estimates. The figure was 38.6 percent above the estimates. The profit figure was 5.3 percent less than the estimate. EBIT was 7.5 percent below the estimate. The income in dollar was close to the estimates but less than that. The estimate for margin was 16.3 percent but the margin in the result was only 15.1 percent.