TVS Motor Declares Dividend Of Rs 10 Per Share, Fixes Record Date
The record date to determine the shareholders eligible to receive the interim dividend has been fixed as March 26, TVS Motor said in an exchange filing.
TVS Motor Co. on Thursday said its board of directors has declared an interim dividend of Rs 10 per share for the financial year ended March 31, 2025.
The company will pay dividend on a total of approximately 47.5 crore shares. This will take the amount of dividend payout to around Rs 475 crore.
The record date to determine the shareholders eligible to receive the interim dividend has been fixed as March 26, according to the company's stock exchange filing.
The payment will be made within a period of 30 days from the declaration of interim dividend, it further said.
Notably, TVS Motor had logged a 4.2% year-on-year rise in its standalone net profit to Rs 618.5 crore in the quarter ended December 2024. The revenue had grown to Rs 9,097.1 crore, up 10.3% from the year-ago quarter.
Shares of TVS Motor on Thursday closed 1.17% higher at Rs 2,346.8 apiece on the National Stock Exchange before the dividend announcement. In comparison, the benchmark Nifty 50 settled 1.24% higher.
The stock has risen by 15.3% in the last 12 months, and declined by 0.9% in 2025 so far.
Out of the 42 analysts tracking the company, 25 have a 'buy' rating on the stock, seven recommend 'hold' and 10 suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 11.8%.
