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.
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