Navratna company declares 80% dividend, check record date here

Market


With a market valuation of 42,711.53 Cr, Container Corporation of India Ltd. is a Navratna CPSE owned by the Indian government. Whether performing domestic or international business, the organisation offers its customers dependable logistical solutions. Today, the business announced its Q3FY23 results and an 80% dividend.

The company has said in a stock exchange filing that “The Board has declared 3rct Interim Dividend for FY 2022-23 of 80% i.e. Rs.4.00 per equity share of face value of Rs.5/- each amounting to Rs.243.72 crores. The record date for the purpose of payment of Interim Dividend has been fixed as 06.02.2023. The Interim dividend will be paid/ dispatched to the shareholders on or after 13.02.2023. The payment of dividend will be made within 30 days of its declaration.”

On a consolidated basis, the company posted net sales of 2.004.46 Cr in Q3FY23 as against 1,938.03 Cr posted in Q3FY22, representing a YoY growth of 3.42%. The company posted a net profit of 288.30 Cr in the quarter ended December 2022 compared to 276.35 Cr posted in the quarter ended December 2021, representing a YoY growth of 4.32% on a consolidated basis. The company declared an EPS of 4.82 per share in Q3FY23 as against 4.65 posted in the year-ago quarter.

On a standalone basis, the company posted net sales of 1,988.43 Cr in Q3FY23, as against 1,919.98 recorded in Q3FY22, representing a YoY growth of 3.56%. Container Corporation of India posted a net profit of 296.50 Cr in the quarter ended December 2022 as against 286.53 Cr posted in the year-ago quarter, representing a YoY growth of 3.47% on a standalone basis. The company declared an EPS of 4.87 per share in the quarter ended December 2022 as against 4.70 posted in the year-ago quarter.

The shares of Container Corporation of India Ltd closed today on the NSE at 702.00 apiece level, down by 0.52% from the previous close of 705.65. The stock recorded a total volume of 1,352,095 shares compared to the 20-Day average volume of 1,108,470 shares. In the last 1 year the stock has gained 12.76% and on a YTD basis, it has fallen 5.17% so far in 2023. The stock touched a 52-week-high of 828.75 on (09-Nov-2022) and a 52-week-low of 554.00 on (20-May-2022).


Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.

Take the test

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less



Source link

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments