Asian Paints Dividend 2022 Announced: Whopping 440% - Check amount, record, and payment date
Asian Paints Dividend 2022, Record Date: Asian Paints on Thursday reported a 32.83 percent rise in consolidated net profit at Rs 803.83 crore for the second quarter.
Asian Paints Dividend 2022, Asian Paints Dividend Record Date 2022: Asian Paint has announced to pay an interim dividend to its investors. The company made the announcement while releasing its second-quarter results today, October 20. According to an exchange filing, Asian Paints will pay a whopping 440 per cent dividend. The dividend amount translates into Rs 4.40 of the face value of Re 1 each.
"The board of the company has further approved the payment of an interim dividend of Rs 4.40 per equity share of the face value of Re 1 each for the financial year ending March 31, 2023," the Mumbai headquartered company said.
Asian Paints Dividend Record Date 2022
Asian Paints has also fixed the record date for determining the eligibility of the shareholders.
"Record date for the purpose of determining the entitlement of the shareholders for interim dividend has been fixed as Tuesday, November 1, 2022," it said.
Asian Paints Dividend Payment Date 2022
Asian Paints informed that the dividend will be paid to the shareholders on or after Thursday, November 10.
Asian Paints Q2 results
Asian Paints on Thursday reported a 32.83 percent rise in consolidated net profit at Rs 803.83 crore for the second quarter that ended September 30, 2022, driven by robust sales. The company had posted a net profit of Rs 605.17 crore in the same quarter last fiscal year, Asian Paints said in a regulatory filing.
Revenue from operations stood at Rs 8,457.57 crore in the quarter under review as compared to Rs 7,096.01 crore in the year-ago period, it added.
"The domestic decorative business showed resilience to deliver a double-digit volume growth and healthy value growth despite subdued demand conditions, impacted by the extended monsoon," Asian Paints Managing Director & CEO Amit Syngle said.
Sales in the international market increased 15.3 per cent in Q2 FY23 to Rs 805.99 crore from Rs 699.28 crore in the year-ago period, the company said.
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