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Business Standard
22-05-2025
- Business
- Business Standard
Dividend stocks: LTIMindtree, CMS Info, 4 others to remain in focus today
Dividend stocks today, Thursday, May 22, 2025: Shares of CMS Info Systems, Havells India, LTIMindtree, Himadri Speciality Chemical, Keystone Realtors, and Sula Vineyards are expected to remain in spotlight during today's trading session following their announcement of dividend rewards for their shareholders. A dividend is often regarded as a form of passive income, representing a portion of a company's profits shared with shareholders as a reward for their investment. As per the data available on the BSE, shares of these companies are slated to trade ex-dividend tomorrow, Friday, May 23, 2025. The ex-date refers to the day a stock begins trading without entitlement to the dividend, meaning investors must own the stock before this date to receive the payout. The companies, however, finalise the eligible shareholders based on their records as of the record date. Among the dividend-paying companies, LTIMindtree has declared the highest dividend payout, announcing a final dividend of ₹45 per share, with both the ex-dividend and record date fixed on May 23, 2025. CMS Info Systems has also made headlines by announcing two separate dividends, a special dividend of ₹3 per share and a final dividend of ₹3.25 per share. The company has set the record date for both of the announcements as May 23, 2025. Meanwhile, Havells India has declared a final dividend of ₹6 per share, but with a record date of May 25, 2025. Himadri Speciality Chemical has announced a dividend of ₹0.60 per share, while Keystone Realtors declared a final dividend of ₹1.50 per share. Sula Vineyards joins the list with a final dividend of ₹3.60 per share. All three of these companies have set the record date as May 23, 2025 to ascertain shareholder eligibility for their respective corporate actions. Company Ex-date Purpose Record Date CMS Info Systems May 23, 2025 Special Dividend - ₹3 May 23, 2025 CMS Info Systems May 23, 2025 Final Dividend - ₹3.250 May 23, 2025 Havells India May 23, 2025 Final Dividend - ₹6 May 25, 2025 Himadri Speciality Chemical May 23, 2025 Dividend - ₹0.60 May 23, 2025 LTIMindtree May 23, 2025 Final Dividend - ₹45 May 23, 2025 Keystone Realtors May 23, 2025 Final Dividend - ₹1.50 May 23, 2025 Sula Vineyards May 23, 2025 Final Dividend - ₹3.60 May 23, 2025
Business Standard
20-05-2025
- Business
- Business Standard
CMS Info Systems consolidated net profit rises 6.72% in the March 2025 quarter
Sales decline 1.28% to Rs 619.07 crore Net profit of CMS Info Systems rose 6.72% to Rs 97.56 crore in the quarter ended March 2025 as against Rs 91.42 crore during the previous quarter ended March 2024. Sales declined 1.28% to Rs 619.07 crore in the quarter ended March 2025 as against Rs 627.08 crore during the previous quarter ended March 2024. For the full year,net profit rose 7.29% to Rs 372.46 crore in the year ended March 2025 as against Rs 347.14 crore during the previous year ended March 2024. Sales rose 7.06% to Rs 2424.53 crore in the year ended March 2025 as against Rs 2264.68 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 619.07627.08 -1 2424.532264.68 7 OPM % 26.1824.78 - 25.8526.47 - PBDT 171.33162.58 5 659.30617.28 7 PBT 128.62122.86 5 497.84467.06 7 NP 97.5691.42 7 372.46347.14 7
Entrepreneur
06-05-2025
- Business
- Entrepreneur
India's Cash-Driven Consumption Surges in FY25: Report
The average cash dispensed per ATM hit INR 1.3 crore in FY25, with Bihar emerging as a new consumption hotspot alongside Himachal Pradesh and Chhattisgarh. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's consumption engine continues to roar in 2025, powered by cash and confidence, according to the latest CMS Consumption Report 2025 released by CMS Info Systems. Based on data from 1,46,000 business points across the country, the report tracks spending through the lens of the CMS cash index (CCI), revealing a nationwide upswing in key sectors, shifting regional dynamics, and a return to physical retail. Anush Raghavan, president, cash management solutions at CMS Info Systems, noted, "The third edition of the CMS Consumption Report, highlights cash-led consumption trends and emerging hotspots across India… The findings reveal compelling trends that underscore India's ongoing consumption boom." Consumer durables led the charge with an eye-catching 72 per cent jump in monthly average spending in FY25, a stark rise from just 6 per cent in FY24. This surge reflects a growing appetite for home ownership and the accompanying demand to furnish these spaces, pointing to broader economic optimism. Multi-brand outlets rebounded sharply, registering a 12 per cent rise in spending after a 29 per cent dip in FY24. The revival is fueled by a trend toward premiumization and a consumer preference for in-person shopping, particularly when it comes to high-value purchases. The FMCG sector, long considered a bellwether for everyday consumption, also signaled a steady recovery. After a 22 per cent fall in FY23, it climbed four per cent in FY25, indicating a resilient base for essential goods despite rising interest in services and experiences. Cash remains a dominant force. The average cash dispensed per ATM hit INR 1.3 crore in FY25, with Bihar emerging as a new consumption hotspot alongside Himachal Pradesh and Chhattisgarh. Uttar Pradesh and Delhi continued to hold strong positions for the second consecutive year. Notably, October 2024 through March 2025 saw sharp monthly upticks in ATM withdrawal ticket sizes, peaking at six per cent in March. The rise in disposable income is evident, with average monthly ATM withdrawals increasing three per cent year-on-year to INR 5,658. Quick Commerce also made significant inroads, growing 10 per cent year-on-year, thanks to hyper-local delivery models meeting instant demand.
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Business Standard
06-05-2025
- Business
- Business Standard
Cash is still king in North India: Rs 1.3 cr per ATM withdrawn in FY25
In FY25, India's cash economy experienced a notable surge, with North India emerging as the top region for cash withdrawals. According to CMS Info Systems, the average cash dispensed per ATM in India reached Rs 1.3 crore, reflecting a growing preference for cash transactions in several states. In FY25, India's top three states are (in terms of growth in average cash dispensed per ATM): Bihar, New Delhi and Uttar Pradesh. CMS Info Systems' data shows that North India is not only witnessing higher ATM cash withdrawals but is also positioning itself as a key player in India's consumption growth story. The surge in cash withdrawals is a reflection of the sustained demand for tangible currency, which plays a crucial role in retail, small-scale business transactions, and daily consumer activities across the country. Bihar, Himachal Pradesh, and Chhattisgarh joined the ranks of top-performing regions for cash-led consumption, marking their first-time entry into this growth trend in the last three years. These states, alongside others in North India, are increasingly becoming cash hotspots, noted the report. Overall, the average cash dispensed per ATM has increased from Rs 1.02 Cr in FY17 to Rs 1.30 Cr in FY25. State Picture: Top 5 Consumption hotspots in FY25 (YoY growth) Bihar – 8% New Delhi – 4% Uttar Pradesh – 4% Himachal Pradesh – 3% Chhattisgarh – 2% "Similar to sectoral data, we see a rotation theme playing out in state consumption as well with a shift in the top 5 consumption hotspots across years. The only exception has been New Delhi which has consistently stayed in the top 5 for the past 3 consecutive years," said the CMS Consumption Report . Even as Indians embrace digital payments, cash continues to rule the roost. Cash remains an integral part of the Indian economy and ATMs remain an important touchpoint that facilitate easy access to cash for India's large and widespread population. The increase in the ticket size of ATM withdrawals also evidences this. As per CMS ATM Dispensed data, the average ticket size (ATS) of ATM withdrawals in FY25 was Rs 5,658, registering a y-o-y growth of 3%. Further, select months like October 2024, January 2025, February 2025, and March 2025 witnessed a higher growth in ticket size at 4%, 4%, 5%, and 6% respectively. In contrast, the ATS of all UPI transactions dropped by 8% from Rs 1,603 in H1 2023 to Rs 1,478 in H1 2024. From a consumption spending perspective, the ATS for person-to-merchant (P2M) transactions declined from Rs 667 to Rs 643 in the same period, representing a 4% reduction. The growth in average cash dispensed per ATM in these regions aligns with broader national trends. Between 2014 and 2024, currency in Circulation (CIC) increased by 157%, the number of ATMs grew by 32%, and the number of bank branches rose by 36%. This robust infrastructure has been instrumental in supporting India's thriving cash-driven consumption economy, noted the report. According to the Reserve Bank of India's (RBI) October 2024 bulletin, the ratio of currency to demand deposits indicates a growing preference for physical currency over digital payment modes. As of April 2023, the currency-to-demand deposits ratio was above its long-term average of 1.61, having recovered from the demonetization period. This surge in cash demand signifies that, even as digital payments increase, cash still dominates consumer expenditure, accounting for 60% of spending as of March 2024. The continued prominence of cash is indicative of the challenges and opportunities within India's consumption economy. While the country successfully integrates digital payments alongside physical currency, the preference for cash remains deeply entrenched in consumer behavior, especially in regions like North India.
Business Upturn
06-05-2025
- Business
- Business Upturn
CMS Consumption Report 2025 reveals Bihar as new cash-led spending hotspot; FMCG, durables lead growth
By Aditya Bhagchandani Published on May 6, 2025, 10:29 IST India's leading business services firm CMS Info Systems has released its CMS Consumption Report 2025, offering deep insights into cash-led domestic spending patterns across sectors and states. One of the key takeaways from the report is Bihar's entry into the top three cash-led consumption hotspots for the first time, alongside long-standing leaders New Delhi and Uttar Pradesh. The report, based on CMS's proprietary Cash Index™ drawn from data across 1.46 lakh business points, shows a 72% jump in average monthly spending on consumer durables in FY25. This rise is attributed to increasing homeownership and furnishing demand. FMCG consumption also saw a modest 4% increase, recovering from earlier declines. Multi-brand outlets experienced a 12% rise in FY25 spending, reversing a 29% fall in FY24, largely driven by consumer preference for premium product purchases at physical locations. Quick commerce also posted a 10% YoY growth due to hyper-localised services. ATM withdrawals registered a 3% YoY growth in average ticket size, reaching ₹5,658 per transaction. October 2024 and early 2025 (January to March) marked the highest monthly upticks, indicating growing cash dependency in key regions. The report underscores that India's consumption boom continues to be fuelled by rising disposable income, premiumisation, and cash-intensive spending behavior. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
