Latest news with #AuditedStandaloneandConsolidatedFinancialResults
Business Standard
15-05-2025
- Business
- Business Standard
Board Meeting Outcome for Outcome Of The Board Meeting Held On 12Th May 2025
The Board of Directors at its meeting held today i.e. 12th May 2025 has inter alia:1. Approved Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended 31st March 2025;2. Recommended a final dividend of INR 3/- per equity share of INR 10/- each (i.e. 30% on the face value of INR 10 each) for the financial year ended 31st March 2025 for the approval of the shareholders of the Company at the ensuing Annual General Meeting.3. Fixed the date of the ensuing Annual General Meeting of the Company as Monday 23rd June 2025 and the record date as Friday 13th June 2025 for the purpose of payment of final dividend INR 3/- as recommended by the Board of we are enclosing herewith Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March 2025 along with Auditors Report thereon.
Mint
06-05-2025
- Business
- Mint
Bank of Baroda, HPCL, Polycab, Mahanagar Gas among key companies to consider dividend today
Dividend Stocks: Bank of Baroda, HPCL, Polycab, Mahanagar Gas are among key companies that will be considering dividend today. The Bank of Baroda, Hindustan Petroleum Corporation, Polycab India, Mahanagar Gas share prices thereby will remain is focus due to expectation on dividend announcements Bank of Baroda to consider Dividend today - As per the Bank Of Baroda's intimation to the exchanges about the meeting of Board of Directors of the Company scheduled on 06/05/2025 ,the Bank had said that the Board meeting is to consider and approve the Yearly Audited Financial results of the Company for the period ended March 2024 and Dividend. Hindustan Petroleum Corporation Ltd to consider Final dividend today: HPCL had informed exchanges on 23 April about the meeting of the Board of Directors of the Company being scheduled on 06/05/2025 , to consider and approve Audited Financial Results of the Company for the Financial Year ended March 31, 2025 & Recommendation of Final Equity Dividend, if any, for the Financial Year 2024-2025 Mahanagar Gas Ltd to consider Final Dividend Today- MGL another public sector undertaking in city Gas distribution business has a Board Meeting scheduled today for Considering and approving the Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025 And recommendation Of Final Dividend On Equity Shares Polycab India to consider Dividend today- Polycab India Ltd had informed exchanges on 14 April that the meeting of the Board of Directors of the Company is scheduled on 06/05/2025 to consider and approve the Audited Standalone and Consolidated Financial Results of the Company along with the audit reports for the quarter and year ended 31st March 2025 and to recommend dividend, if any, to the shareholders for the financial year 2024-25 Other prominent companies to consider dividend include Kajaria Ceramics Limited, Radico Khaitan Limited, Paradeep Phosphates Limited and Safari Industries (India) Limited 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. First Published: 6 May 2025, 09:14 AM IST
Mint
25-04-2025
- Business
- Mint
IDFC First Bank share price falls over 2%; last date to buy ahead of Q4 results 2025
IDFC First Bank share price declined more than 2% on Friday ahead of the Q4 results. IDFC First Bank shares plunged as much as 2.88% to ₹ 65.68 apiece on the BSE. Private sector lender IDFC First Bank will announce its Q4 results on Saturday, April 26. The board of directors of IDFC First Bank will consider and approve the financial results for the fourth quarter of FY25 as well as for the full financial year 2024-2025 tomorrow. The bank's board will also consider the recommendation of dividend in its meeting on 26 April. '...the meeting of the Board of Directors ('Board') of the Bank, scheduled to be held on Saturday, April 26, 2025, to consider and approve the Audited Standalone and Consolidated Financial Results of the Bank for the quarter and Financial Year ended March 31, 2025, we wish to inform you that the Board at the said meeting will, inter-alia, also discuss and consider the recommendation of dividend, if any, for the Financial Year 2024-25,' IDFC First Bank said in a regulatory filing. As Saturday is a stock market holiday, investors have only today to buy IDFC First Bank share price ahead of Q4 results. Here's what to expect from IDFC First Bank Q4 results. IDFC First Bank is expected to see a sharp year-on-year (YoY) fall in its net profit for the January-March 2025 quarter on elevated provisions, while its net interest margin (NIM) may contract due to interest reversals. The bank's business growth is expected to remain healthy, while asset quality ratio may deteriorate slightly and cost ratios are likely to remain elevated, analysts said. According to Axis Securities, IDFC First Bank's net profit in Q4FY25 may fall 46.2% to ₹ 389 crore from ₹ 724 crore, YoY. Net interest income (NII) is estimated to rise 12.8% to ₹ 5,039 crore from ₹ 4,469 crore, YoY. The bank's Pre-provisioning Operating Profit (PPOP) during the March quarter is expected to grow 12.2% YoY to ₹ 1,867 crore, supported by non-interest income. Provisions in Q4FY25 are likely to remain elevated at ₹ 1,359 crore, up 1.6% quarter-on-quarter (QoQ), and up 88.2% YoY. On the asset quality front, IDFC First Bank's Gross Non-Performing Assets (GNPA) as a percentage of gross advances during the March quarter is expected to rise to 2% from 1.9% in the December quarter, according to estimates by Motilal Oswal Financial Services (MOFSL). Net NPA ratio in Q4FY25 is also expected to rise to 0.6% from 0.5% QoQ. IDFC First Bank's advances and deposit growth momentum is likely to remain healthy. Deposit growth is estimated by 24.7%, while loan growth is seen at 20.4% during the quarter ended March 2025. Brokerage firm MOFSL has a 'Neutral' rating on IDFC First Bank shares with a target price of ₹ 65 apiece. On the technical front, IDFC First Bank share price has seen a decent upmove from ₹ 54 level recently. 'The price-wise correction in IDFC First Bank shares seems limited. The stock has strong support around ₹ 60-62 levels. Traders can apply buy on dips approach in IDFC First Bank shares as any dip towards the support level can be used a s buying opportunity. The target for the IDFC First Bank stock is around ₹ 71 level,' said Ruchit Jain, Vice President, Equity Technical Research, Motilal Oswal Financial Services Ltd. IDFC First Bank share price has rallied 15% in one month, and the stock is up 2.4% on a year-to-date (YTD) basis. In the past one year, IDFC First Bank shares have fallen 21%. However, the stock has gained 12% in two years and delivered exceptional multibagger returns of 195% in five years, At 11:30 AM, IDFC First Bank shares were trading 2.23% lower at ₹ 66.12 apiece on the BSE. 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 making any investment decisions. First Published: 25 Apr 2025, 11:32 AM IST
