Lux Industries releases Q4 result, declares 250% final dividend; check details

Lux Industries Dividend: Lux Industries on May 30, Tuesday, released its March quarter numbers for the fiscal 2022-23 (Q4FY23). The company also said that its Board of Directors has recommended a final dividend of Rs 5 per equity share of the value of Rs 2 each (250 per cent) for the financial year ended March 31, 2023

The company's regulatory filing said, "The Board of Directors of the Company has also recommended, subject to the approval of the Shareholders at the Annual General Meeting dividend as under Final Dividend @ 250 % i.e Rs. 5/- per Equity Share of the face value of Rs. 2/- each for the financial year ended 31 March 2023." 

Q4 results

On a consolidated basis, the company's net profit slipped 57.6 per cent to Rs 31.21 crore against Rs 73.76 crore registered in the year-ago period. Total income came in at Rs 725,11 crore, down 22.2 per cent as compared to Rs 592.96 crore, logged in the corresponding quarter of the preceding fiscal.  

Appointment of Chief Financial Officer

The company also announced it has appointed Ajay Nagar as Chief Financial Officer (CFO) and Key Managerial Personnel of the Company with effect from May 30, 2023 as per the provisions of Section 203 of the Companies Act, 2013.

Share price

At 02:27 pm, the stock was trading 0.40 per cent lower at Rs 1463.80 on the BSE.