Man Infraconstruction declares first interim dividend - Check amount, record date and other details

Man Infraconstruction Limited has announced its first interim dividend for the financial year 2024-25. In an exchange filing, the civil construction company also declared the record date for the purpose of determining the entitlement of shareholders for the said corporate action. 

Man Infraconstruction Dividend Amount

The company has announced the first interim dividend of Rs 0.45 per equity share of face value of Rs 2 each.

"Declared First Interim Dividend of Rs 0.45 per equity share (i.e. 22.5°/o) on 37,12,50,405 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2024-25," the exchange filing reads.

Man Infraconstruction Dividend Record Date

The company has fixed August 19 as the record date for this corporate action

"The Record Date for the purpose of determining the entitlement of shareholders for the said First Interim Dividend has been fixed as Monday, 19th August, 2024 and the said dividend shall be paid/ dispatched on Friday, 30th August, 2024," the filing reads.

Meanwhile, the company has also declared its financial results for the first quarter that ended June 30.

According to the exchange filing, the net profit of the company declined around 5.99 per cent to R 77.50 crore in the first quarter of the year FY2024-25 as against Rs 82.44 crore during the previous quarter ended June 2023.

Sales declined 32.97 per cent to Rs 341.62 crore in the quarter ended June 2024 as against Rs 509.66 crore during the previous quarter ended June 2023.