Dividends of several firms from Rail Vikas Nigam Ltd to Bharat Bijlee have been released. Here is the list of dividends declared that will be rewarded:
Rail Vikas Nigam Ltd
The state-run company reported a 33.2 percent year-on-year jump in the net profit for the fourth quarter ending 31st March 2024. The Net profit was at ₹478.6 crore. The company’s revenue from operations increased 17.4 percent to ₹6,714 crore against ₹5,719.8 in the same quarter last year.
The company declared a dividend of ₹2.11 per share on the paid-up equity share capital for the financial year 2023-24. This dividend is subject to the board’s approval.
Balkrishna Industries
The company’s profit after tax for the quarter ending March, jumped by 88 percent year-on-year to ₹481 crore from ₹2556 crore. The sales of the company also rose by 13 percent year-on-year.
The company in an exchange filing said that the board recommended payment of a Final Dividend of ₹4 per equity share (200%) on the equity shares of ₹2 each for the year ended 31st March 2024.
Zee Entertainment Enterprises Ltd
ZEEL on Friday posted a consolidated net profit of ₹13.4 crore in the March 2024 quarter. The increase in net profit was reported to be 77 percent compared to the preceding quarter.
Zee said its board of directors have recommended payment of dividend of ₹1 per equity share of ₹1 each for the financial year 2023-24.
The dividend payout is subject to the approval of the members at the ensuing annual general meeting (AGM) of the company.
JSW Steel
The steel major on Friday reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March 2024. The same stood at Rs 3,664 crore a year ago, while revenue from operations in the reporting quarter declined marginally to Rs 46,269 crore.
The JSW’s board also recommended a final dividend of ₹7.30 per equity share of paid-up capital.
Zydus Lifesciences
Zydus Lifesciences reported a 27 percent year-on-year growth in net profit for the third quarter of the financial year 2024 at ₹789.6 crore. The total revenue from operations in the quarter grew 6 percent YoY to ₹4,505.2 crore. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹1,102.4 crore, up 15 percent YoY.
The Zydus Lifesciences’ Board recommended a final dividend of ₹3 per equity share.
Bharat Bijlee
Net profit of Bharat Bijlee rose 80.68 percent to ₹48.53 crore in the quarter ended March 2024 as against ₹26.86 crore during the previous quarter ended March 2023. The sales rose 36.69 percent to ₹587.47 crore in the quarter that ended March 2024 as against ₹429.78 crore during the previous quarter that ended March 2023.
Bharat Bijlee announced that the Board of Directors of the Company at its meeting held on 17th May 2024, has recommended a final dividend of ₹35 per share subject to shareholders approval.
Vinati Organics
Vinati Organics Ltd.’s revenue was ₹559.94Cr in the quarter ending March 2024. The revenue grew by 5.48% year on year basis since last quarter. Vinati Organics Ltd.’s profits were ₹104.14Cr in the quarter ending March 2024. The profits fell by -0.5% year on year basis since last quarter.
Vinati Organics Ltd.’s dividend was ₹7 in the quarter ending March 2023.
Bandhan Bank
Private sector lender Bandhan Bank on April 17 reported a net profit of Rs 55 crore compared to Rs 810 crore last year. Net interest income (NII) of the lender stood at Rs 2,866 crore compared to Rs 2,472 crore last year, growing by 16 percent. The net interest margin (NIM) for the quarter was 7.6 percent for the full year versus 7.3 percent last year.
Bandhan Bank’s Board has recommended a final dividend of ₹1.5 per equity share.
Dhanuka Agritech
Net Sales at Rs 368.31 crore in March 2024 down 0.79% from Rs. 371.23 crore in March 2023. Quarterly Net Profit at Rs. 59.02 crore in March 2024 down 9.63% from Rs. 65.31 crore in March 2023. EBITDA stands at Rs. 95.38 crore in March 2024 up 2.99% from Rs. 92.61 crore in March 2023.
Dhanuka Agritech’s Board has recommended a final dividend of ₹6 per equity share.
Tourism Finance Corporation of India Ltd
Tourism Finance Corporation of India announced that the Board of Directors of the Company at its meeting held on 17 May 2024, inter alia, has recommended the final dividend of Rs 2.5 per equity share of ₹10 each.
