Havells India Dividend: Today Is The Last Day To Buy Shares For Eligibility
Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date.
Friday marks the ex-date for the second interim dividend payout by Havells India Ltd., making today the last day for investors to purchase shares to qualify for corporate action.
Havells' board of directors had recommended a final dividend of Rs 6 per share after the company announced its financial performance for the quarter ending March. This was in addition to the interim dividend declared during FY 2024-25 for an amount of Rs. 4 per share.
Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Tuesday will be settled in time for shareholders' names to appear on the company's records on Wednesday, securing their entitlement to the dividend.
Havells India Q4 FY25 Highlights (Consolidated, YoY)
Havells India reported a robust increase of 16% in its standalone net profit for the fourth quarter ended March 31, 2025.
The electrical goods manufacturer's bottom bottomline for the quarter under review stood at Rs 522.26 crore compared to Rs 448.86 crore that it had reported in the previous fiscal's similar period.
Havells' earnings before interest, taxes, depreciation and amortisation grew 19% to Rs 760.72 crore versus Rs 636.81 crore in the year-ago period. The Ebitda margin didn't show much difference at 11.6% versus 11.7%.
The company's revenue expanded by 20.2% to Rs 6,544 crore. In comparison, the Noida-based company's revenue totalled Rs 5,442 crore in the year-ago period.
Havells India Share Price Today
The scrip fell as much as 0.71% to Rs 1566. It pared losses to trade 0.70% lower at Rs 1565.70 apiece, as of 11 a.m. This compares to a 1.07% decline in the NSE Nifty 50 Index.
The share price has fallen 6.50% on a year-to-date basis and is down 15.01% in the last 12 months. The relative strength index was at 44.74.
Out of 43 analysts tracking the company, 27 maintain a 'buy' rating, 10 recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.2%.
