STOCK UNDER RS 600 DECLARES 100% DIVIDEND - PAYOUT DATE

Godrej Agrovet Dividend 2024, Godrej Agrovet Q4 Results 2024: Godrej Agrovet Limited, on Wednesday, May 8, 2024, announced its earnings for the fourth quarter ended March 31, 2024 and also declared a dividend for its shareholders. A dividend is a company's reward to its investors for their investment in the business. It is paid in cash from earnings.

Godrej Agrovet Dividend 2024

The company, in its board meeting today, recommended a dividend of 100 per cent on the per equity share capital of the company for the financial year ended March 31, 2024. A dividend is always calculated and paid on the face value of each stock. Accordingly, 100 per cent dividend translates into Rs 100 per equity share with a face value of Rs 10 each for FY24.

“The Board has recommended Final Dividend at the rate of 100% (One Hundred per cent) on the Equity Share Capital of the Company, i.e., Rs. 10.00/- (Rupees Ten Only) per Equity Share of Face Value of Rs. 10/- (Rupees Ten Only) each, for the Financial Year ended March 31, 2024, subject to approval of the Shareholders at the ensuing Thirty-Third Annual General Meeting (“33rd AGM”) of the Company,” said Godrej Agrovet in a regulatory filing today.

The Thirty-Third Annual General Meeting (“33rd AGM”) of the shareholders of the company will be held on Thursday, August 1, 2024 at 4 pm by Video Conference or other Audio / Visual Mode, added the company in the filing.

Godrej Agrovet Dividend 2024: Payment Date

The book closure dates for the purposes of the 33rd AGM and payment of final dividend for the financial year 2023-24 are from Saturday, July 27, 2024 to Wednesday, July 31, 2024, (both days inclusive) during which the Register of Members and Share Transfer Books will remain closed.

The dividend will be paid on or before Tuesday, August 6, 2024, Godrej Agrovet informed in the filing.

Godrej Agrovet Q4 Results 2024

Godrej Agrovet, on Wednesday, reported its consolidated PAT grew 12.1 per cent to Rs 65 crore in the fourth quarter ended March 31, 2024 as compared to Rs 23 crore in Q3 FY24. Revenue from operations rose 3.8 per cent QoQ to Rs 2,134 crore in the quarter under review from 2,095 crore in Q3 FY24.

EBITDA increased 16.8 per cent to Rs 148 crore in Q4 FY24 from Rs 75 crore in Q3 FY24. EBITDA margin in the quarter rise 337 bps to 6.9 per cent from 3.6 per cent in the last quarter.

Godrej Agrovet Share Price

Shares of Godrej Agrovet closed at Rs 581.70 today, 3.47 per cent higher from the previous close of Rs 562.20. The stock hit an intra-day high of Rs 588.60 and low of Rs 560.30.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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2024-05-08T12:03:30Z dg43tfdfdgfd