Latest news with #86thAnnualGeneralMeeting
Business Upturn
12-05-2025
- Business
- Business Upturn
Bajaj Electricals Q4 profit before tax jumps 191% to Rs 71 crore; consumer products EBIT surges 138%
Bajaj Electricals Ltd has posted a robust set of results for the quarter ended March 31, 2025, with profit before tax surging 191% year-on-year to ₹71 crore, supported by improved gross margins and strong performance in the Consumer Products segment. The company's revenue from operations rose to ₹1,265 crore, up 6.5% from ₹1,188 crore in Q4FY24. The Consumer Products segment delivered ₹994 crore in revenue (up 8.4% YoY) and reported an EBIT of ₹39 crore, up from ₹16 crore in the same quarter last year—marking a 138% increase. The Lighting Solutions segment remained flat with ₹271 crore in revenue, while EBIT stood at ₹21 crore, down from ₹23 crore a year earlier. However, the EBIT margin for this segment improved to 7.8%, driven by better gross margins. For the fiscal year ending March 31, 2024, the company generated positive cash flow of ₹87 crore from operations and reported cash and investments of ₹509 crore. Dividend declared at ₹3 per share In line with its Dividend Distribution Policy, the Board of Directors has recommended a dividend of ₹3.00 per equity share (150% of face value of ₹2) for the financial year ended March 31, 2025. If approved at the company's 86th Annual General Meeting (AGM), the dividend will be credited or dispatched on or before August 11, 2025. The record date for dividend eligibility is set as Friday, July 18, 2025, for shareholders holding shares in both physical and dematerialised form. Leadership update and outlook Mr. Shekhar Bajaj, Chairman of Bajaj Electricals, announced the appointment of Mr. Sanjay Sachdeva as the new Managing Director and CEO. Mr. Sachdeva, an alumnus of IIT Delhi and IIM Calcutta, joins from Unilever and brings extensive leadership experience across global markets. Commenting on the company's outlook, Mr. Bajaj said, 'We will continue our investments in our brand and products and other initiatives which will yield strong results going forward.' He also expressed optimism regarding the macroeconomic environment, noting that recent RBI rate cuts and controlled inflation could boost consumer demand in the coming quarters. News desk at
Economic Times
08-05-2025
- Business
- Economic Times
Tata Chemicals shares rise 2% after Q4 net loss narrows to Rs 56 crore
Tata Chemicals shares climbed as much as 2.2% on Thursday to Rs 844.3 on the BSE after the company reported a consolidated net loss of Rs 56 crore for the quarter ended March 31, significantly lower than the Rs 850 crore loss in the same period last year. ADVERTISEMENT Revenue for the March quarter rose marginally by 1% year-on-year (YoY) to Rs 3,509 crore, compared to Rs 3,475 crore in Q4FY24, amid continued pricing pressure across geographies. EBITDA declined 26% YoY to Rs 327 crore from Rs 443 crore in the year-ago quarter. The EBITDA margin also contracted to 9.3% from 13.8%, driven by rising costs. The company's board has recommended a dividend of Rs 11 per share (110%) for FY25, subject to shareholder approval at the 86th Annual General Meeting (AGM). If approved, the dividend will be paid within five days of the AGM, after deducting applicable taxes. Also Read:5 timeless Warren Buffett quotes every investor should know Tata Chemicals' board has also approved a proposal to raise up to Rs 200 crore through term loans and/or the issuance of non-convertible debentures (NCDs) via private placement. An internal committee has been authorised to finalise the terms and execute the plan. ADVERTISEMENT R. Mukundan, Managing Director & CEO of Tata Chemicals, said, 'Market conditions remain challenging even as India continues to grow, while China, the US, and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and the Americas (excluding the USA) have robust demand, while a slight decline is observed in Africa.''Though the demand-supply balance is softening, tariff uncertainties will continue to weigh on the market. However, the medium- and long-term outlook remains positive, driven by sustainability trends,' he added. ADVERTISEMENT Also Read: Stocks in news: L&T, Titan, Asian Paints, Coal India, Dabur, Kfin Tech ADVERTISEMENT According to Trendlyne data, the average target price for the stock is Rs 826. The consensus recommendation from seven analysts is a 'Sell'.On Wednesday, Tata Chemicals shares closed 1.25% higher at Rs 826.3 on the BSE, while the Sensex rose 0.13%. The stock is down 20% year-to-date and 26% over the past six months. The company's market capitalisation stands at Rs 21,050 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
08-05-2025
- Business
- Mint
Voltas, United Breweries to Tata Chemicals: These five stocks declare up to ₹11 per share dividend. Do you own any?
Dividend Stocks: Voltas, United Breweries, Tata Chemicals Symphony, Sonata software are the five companies that declared the dividend of up to ₹ 11 post their Q4 Results Voltas: The Directors of Voltas post their meeting on 7 May 2025 have recommended Dividend of Rs. 7 per share on face value of Re. 1 per share (700%) for the year 2024-25. The Dividend as per the company shall be paid/ or dispatched on or after fifth day from conclusion of ensuing 71st Annual General Meeting, subject to approval of shareholders of the Company. United Breweries: The Board of Directors of United Breweries has recommended a dividend of ₹ 10 (Rupees Ten only) per equity share of face value of ₹ 1 each for the financial year ended March 31, 2025, being subject to approval of the Members at the ensuing Annual General Meeting. Accordingly, the dividend as per the company, if approved by the shareholders, will be paid on or before Thursday, September 04, 2025. Tata Chemicals : The Board of Tata Chemicals post their meeting on 7 May 2025 has recommended a dividend of ₹ 11 per share i.e. 110% for the financial year 2024-25(considering the dividend announced and face value of share). The dividend, if approved by the members at the ensuing 86th Annual General Meeting (AGM) of the Company, will be paid (subject to deduction of tax at source) within five days of the AGM, said the company. Sonata Software Ltd: Sonata's Board recommended Final Dividend of Rs. 4.40/- per Equity share (440% on par value Re. 1/-) for the financial year ended 31st March, 2025. The Final Dividend is payable subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). According to Sonata Software, the dividend would be paid (subject to tax deduction at source) within five days after the 86th Annual General Meeting (AGM) provided it is accepted by the members. Symphony: Symphony has recommended final dividend of ₹ 8.00/- (400%) per equity share having face value of ₹ 2/- each for the financial year 2024-25. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
