Dividend Stock: GTL declares 100% dividend - Check record date and other details

GTL Industries Interim Dividend Record Date: Gujarat Toolroom Limited has informed exchanges that its board of directors has announced a 100 per cent interim dividend during its recent board meeting. The board of directors have also fixed the record date for this corporation action.

GTL Industries Interim Dividend Record Date

The company has informed bourses that it has fixed the record date for this corporate action. In the exchange filing, the company said that April 20, 2024, is the record for a dividend payout of Rs 45 per share.

"After thorough discussions and careful consideration of the company's financial performance, the Board of Directors has unanimously considered and declared Interim Dividend of 100%. The interim dividend shall be paid within 30 days from the date of its declaration. This decision reflects our confidence in the company's robust financial health and our commitment to rewarding our valued shareholders for their steadfast support and trust," the company said in an exchange filing. 

Earlier, Gujarat Toolroom Limited (GTL), a prominent player in the industrial and mining sectors, announced a sales figure of Rs 131 crores. 

Moreover, the company witnessed a surge in operating profit, reaching Rs 16 crores and a considerable increase in net profit, soaring to Rs 14 crores. 

Also, GTL has reported improvement in tax efficiency, with the tax percentage decreasing from 25 per cent to 8 per cent compared to the previous quarter. 

The company's earnings per share (EPS) saw a significant rise to Rs 2.58.

Gujarat Toolroom Limited (GTL), which recently forayed into the mining sector, recently announced a substantial enhancement in revenue outlook as it executes an order worth Rs 55 crore. It has acquired 6 hectares of mines in Zambia.