Shares of Bharat Forge Ltd. will be of interest on Thursday as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Bharat Forge's board announced a final dividend of Rs 6 per share of the face value of Rs 2 each for the financial year ended March 31, 2025.
Given India's T+1 settlement cycle, shares purchased on the record date (July 4 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by July 3 will be the beneficiaries.
The company's net profit in the fourth quarter rose, even as revenue declined. Its operating income and margin also saw growth.
The company's revenue for the quarter stood at Rs 3,853 crore, reflecting a 7.5% decline, compared to Rs 4,164 crore in the same period last year.
Despite the drop in revenue, Bharat Forge's earnings before interest, taxes, depreciation, and amortisation increased by 5.9%, reaching Rs 681 crore, up from Rs 643 crore year-on-year. The company's Ebitda margin also improved to 17.7% from 15.4% the previous year.
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