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Indian Express
21 hours ago
- Business
- Indian Express
Shiv Shakti market fire: Calling Rs 45 lakh insufficient, traders return donation
The textile traders of Shiv Shakti Textile Market Association (SSTMA) on Saturday refused to accept the donation of Rs 45 lakh, calling it insufficient to help the shop owners who suffered heavy losses during a major fire incident on February 26. The traders also asked the Federation of Surat Textile Traders Association (FOSTTA) to return the fund to donors. FOSTTA president Kailash Hakim met with SSTMA members and representatives of Shiv Shakti Textile Market Relief fund committee (SSTMRFC) Friday evening. The SSTMA thanked the FOSTTA directors and president for their support, however, returned the collected amount. Speaking to The Indian Express, FOSTTA president Kailash Hakim said, 'A major fire broke out at Shiv Shakti Textile market, which has 855 shops, on February 26. After 70 hours the fire was brought under control by the fire fighting teams of SMC. On February 28, we formed SSTMRFC with 11 members and a bank account was opened in a private bank. We appealed to the textile industry and the general public to donate funds to help the traders. Till date, we have received 45 lakh amount from 175 donors.' 'While returning the amount, we were told that Rs 45 lakh was insufficient. There are over 855 textile trading shops in SSTM and around. If the funds are equally distributed among each shop, owners will get around Rs 5,000 each. We will return the donation amount to the donors thanking them,' he added. Sources in FOSTTA said that among 175 donors there are donors who had given a donation of Re 1 and a few more, who had given a donation of Rs 100. FOSTTA directors had donated Rs 11 lakhs, Southern Gujarat Chamber of Commerce and Industry had donated Rs 11 lakhs and Union Jal Shakti Minister C R Patil had donated Rs 11 lakhs. The SSTMA president Sunil Kothari said, 'The structure of our market is still dangerous and the textile traders are not allowed to enter the market. All the shops and businesses have been shut since the fire incident. The power supply in the market has been disconnected. Out of 855 shops, 555 shops have been totally damaged due to fire. We appreciate and are thankful to the donors and also the FOSTTA people. The fire incident has resulted in loss of hundreds of crores to the traders.'
Mint
a day ago
- Business
- Mint
Small-cap stock under ₹50 declares final dividend along with Q4 results 2025. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects Ltd announced their January to March quarter results for the financial year 2024-25 on Friday, 30 May 2025. The company recorded a nearly 69 per cent fall in net profits to ₹ 16.78 crore, compared year-on-year (YoY) with ₹ 53.93 crore, according to the consolidated statements. The real estate developers' revenue from core operations dropped 46 per cent to ₹ 249 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 464 crore in the same period the previous financial year. The shares of Hazoor Multi Projects will be in focus for stock market investors on Monday, 2 June 2025. Hazoor Multi Projects' Board of Directors on Friday, 30 May 2025, declared a final dividend of ₹ 0.20 per share with a face value of Re 1 apiece for the financial year 2024-25. This means that every eligible shareholder will receive a final dividend payment of ₹ 0.20 per share for every share they own in the company. 'The board has recommended to declare the final dividend of ₹ 0.20/- (Twenty Paise only) per equity share having face value of Re 1/- each, fully paid-up, i.e. 20% to the shareholders for the financial year 2024-25,' said the company in the exchange filing. The company has not declared the 'Record Date' for the dividend payment. However, the issue will be approved in the upcoming Annual General Meeting (AMG) of the company. Hazoor Multi Projects shares closed 1.93 per cent lower at ₹ 44.21 after Friday's stock market session, compared with ₹ 45.08 at the previous market session. The company announced its fourth quarter results and final dividend issue after stock market hours on Friday. Hazoor Multi Project shares have given stock market investors over 44,000 per cent return on their investment in the last five years and 16.62 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 17.26 per cent in 2025, but are trading 16.40 per cent higher in the last one-month period. The shares hit their 52-week high level at ₹ 63.90 on 12 September 2024, while the 52-week low level was at ₹ 32 on 33 March 2025, as per BSE data. The company's market capitalisation (M-Cap) was at ₹ 937.35 crore as of stock market close on Friday, 30 May 2025. Read all stories by Anubhav Mukherjee
Mint
a day ago
- Business
- Mint
Small-cap stock under ₹50 declares final dividend along with Q4 results 2025. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects Ltd announced their January to March quarter results for the financial year 2024-25 on Friday, 30 May 2025. The company recorded a nearly 69 per cent fall in net profits to ₹ 16.78 crore, compared year-on-year (YoY) with ₹ 53.93 crore, according to the consolidated statements. The real estate developers' revenue from core operations dropped 46 per cent to ₹ 249 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 464 crore in the same period the previous financial year. The shares of Hazoor Multi Projects will be in focus for stock market investors on Monday, 2 June 2025. Hazoor Multi Projects' Board of Directors on Friday, 30 May 2025, declared a final dividend of ₹ 0.20 per share with a face value of Re 1 apiece for the financial year 2024-25. This means that every eligible shareholder will receive a final dividend payment of ₹ 0.20 per share for every share they own in the company. 'The board has recommended to declare the final dividend of ₹ 0.20/- (Twenty Paise only) per equity share having face value of Re 1/- each, fully paid-up, i.e. 20% to the shareholders for the financial year 2024-25,' said the company in the exchange filing. The company has not declared the 'Record Date' for the dividend payment. However, the issue will be approved in the upcoming Annual General Meeting (AMG) of the company. Hazoor Multi Projects shares closed 1.93 per cent lower at ₹ 44.21 after Friday's stock market session, compared with ₹ 45.08 at the previous market session. The company announced its fourth quarter results and final dividend issue after stock market hours on Friday. Hazoor Multi Project shares have given stock market investors over 44,000 per cent return on their investment in the last five years and 16.62 per cent in the last one-year period. However, on a year-to-date (YTD) basis, the shares have lost 17.26 per cent in 2025, but are trading 16.40 per cent higher in the last one-month period. The shares hit their 52-week high level at ₹ 63.90 on 12 September 2024, while the 52-week low level was at ₹ 32 on 33 March 2025, as per BSE data. The company's market capitalisation (M-Cap) was at ₹ 937.35 crore as of stock market close on Friday, 30 May 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
2 days ago
- Automotive
- Business Standard
Why is Landmark Cars share price under pressure today? Find out here
Landmark Cars share price: Shares of Landmark Cars were under pressure on Friday, May 30, 2025, with the stock falling up to 7.46 per cent to an intraday low of ₹447.80 per share. Around 11:20 AM, Landmark Cars shares were off day's low, and were trading 3.95 per cent lower at ₹464.85 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 81,400.29 levels. Why is Landmark Cars' share falling in trade today? Landmark Cars shares were under pressure after the company posted a massive drop in profit in the March quarter of FY25 (Q4FY25) results. The company's profit nosedived 86.7 per cent year-on-year (Y-o-Y) to ₹1 crore in Q4FY25, from ₹11 crore in the same quarter a year ago. 'PAT is impacted primarily due to high depreciation and the Ind AS effect by the addition of new outlets and the impact of fair valuation of ESOP grants ₹2.8 crore,' Landmark Cars said, in a statement. However, revenue from operations soared 26.3 per cent Y-o-Y to ₹1,091.2 crore in Q4FY25, from ₹863.9 crore a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) rose merely 2 per cent Y-o-Y to ₹54.5 crore, from ₹53.4 crore a year ago. Ebitda margin, meanwhile, squeezed to 5 per cent in the March quarter of FY25, from 6.2 per cent in the same quarter of previous fiscal year (Q4FY24). Additionally, the company reported record-high proforma and reported annual revenues for FY25 at 5,626.1 crore, from 4,655.4 crore in FY24, driven primarily by the rapid growth of new brands and continued footprint expansion. FY25 also marked the highest-ever annual gross profit. However, Mercedes-Benz sales in Q4FY25 fell short-of-expectations on a Y-o-Y basis due to capital market volatility, which negatively impacted both proforma revenue and gross margin for the quarter. Sales of Mercedes-Benz have since rebounded and returned to a growth trajectory beginning in Q1FY26. The full benefit of newly launched showrooms and workshops is expected to materialise over FY26 and FY27, the company said. The company currently maintains a new car inventory of 45 days—below the industry average of 50 to 55 days, it added. Check Astonea Labs IPO allotment status Landmark Cars dividend Landmark Cars board of directors has recommended a final dividend at 10 per cent i.e. Re 0.50 only per equity share of the face value of Rs 5- each for FY25, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. About Landmark Cars Landmark Cars Limited is among India's leading automotive retailers, specialising in premium and luxury vehicle brands. Established in 1998, the company has built a strong reputation through its expansive network of showrooms, workshops, and value-added services. It is known for its dealership partnerships with globally recognised brands such as Mercedes-Benz, Jeep, Honda, Volkswagen, and Renault, and also represents emerging names like BYD, Morris Garages, Mahindra, and KIA. In addition to retailing passenger vehicles, Landmark Cars also manages the commercial vehicle business for Ashok Leyland. The company offers a comprehensive range of services beyond vehicle sales, including repairs and maintenance, insurance facilitation, accessories sales, and financing options.
Mint
2 days ago
- Business
- Mint
Bajaj Auto, Samvardhana Motherson to NBCC: Five companies that declared dividend along with Q4 Results
Dividend Stocks: Bajaj Auto, Samvardhana Motherson, NBCC Mazagon Dock Shipbuilders Ltd, SJVN and Sobha Ltd are the Five companies that declared dividend along with Q4 Results. Check here for Record date, payout details Bajaj Auto Ltd - The Board of Directors of Bajaj Auto has authorized or recommended a dividend at the rate of Rs. 210 per share of face value of Rs. 10 each (2100% considering face value of shares) on equity shares for the fiscal year ending March 31, 2025, in accordance with the Company's Dividend Distribution Policy. If the shareholders approve the dividend at the next Annual General Meeting, it will be credited or distributed on or around August 8, 2025. The equity shareholders whose names are listed in the Company's Register of Members or in the Depositories' records as beneficial owners of the shares as of Friday, June 20, 2025, the Record Date set for the purpose, will receive the dividend, provided it is declared. Samvardhana Motherson International Ltd- Samvardhana Motherson recommended that, a final dividend of INR 0.35/- (Paisa Thirty Five only) per equity share (face value of Re. 1/- each) on the entire equity share capital consisting of 7,03,62,95,067 equity shares, be paid out for the fiscal year 2024–2025m subject to shareholder approval at the subsequent Annual General Meeting ("AGM"), which is set for August 28, 2025. If the shareholders approve a final dividend at the upcoming AGM, it must be paid out within 30 days of the declaration date, which is September 26, 2025, at the latest. The final dividend will be given for the fiscal year 2024–2025 on top of the interim dividend of INR 0.50 (fifty pesos only). Mazagon Dock Shipbuilders Ltd- Mazagon Dock Shipbuilders recommended a final dividend of Rs. 2.71 for each fully paid-up equity share of Rs. 5 for the fiscal year 2024–2025; SJVN Limited- SJVN recommended, a final dividend of ₹ 0.31/-per equity share for the fiscal year 2024–2025, pending shareholder approval at the subsequent Annual General Meeting. The final dividend will be paid within the statutory period and is in addition to the interim dividend of ₹ 1.15/-per equity share announced in February 2025 for the Financial Year 2024–2025. Sobha Ltd- Sobha Recommended a dividend of Rs. 3.00/- (30%) per equity share for the financial year ended March 31, 2025, subject to the approval of the members in the forthcoming Annual General Meeting (AGM). 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.
