Havells India Q4 dividend: FMEG company declares Rs 6 dividend
The final dividend, if approved by the shareholders in the forthcoming annual general meeting (AGM) of the company, will be paid/dispatched to the shareholders on or before 30 days from the date of AGM, Havells said.
)
Havells India's board on Tuesday, April 30, recommended a final dividend for FY24. The company said the dividend, of Rs 6 per equity share of the face value of Re 1 each, will be paid to eligible shareholders on or before 30 days from the date of its ensuing annual general meeting (AGM).
"The board of directors decided to recommend a Final Dividend @ Rs. 6/- per equity share of Re. 1/- each i.e. 600 % for the financial year 2023-24. This is in addition to the interim dividend declared during the FY 2023-24 for an amount of Rs. 3/- per share," the company said in a BSE filing.
The final dividend is subject to shareholders' approval, it said.
Simultaneously, Noida-headquartered fast moving electrical goods (FMEG) company Havells has also posted its financial results for the fourth quarter ended on March 31, 2024. The company reported a consolidated net profit of Rs 446.7 crore for the January-March period, marking an increase of 24.8 per cent compared with the corresponding quarter a year ago.
The company, which manufactures a string of consumer and industrial products such as fans, lights, appliances, cables, motors and solar solutions, registered fourth-quarter revenue of Rs 5,442 crore, up 12 per cent on a year-on-year basis, according to a regulatory filing. Read more
Meanwhile, shares of Havells India closed one per cent higher at Rs 1,661.6 apiece on BSE earlier in the day.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
