Shares of Hindustan Zinc Ltd. will be of interest on Monday as the day 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.
Hindustan Zinc's board announced an interim dividend of Rs 10 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 17. The total value of the dividend to be disbursed amounts to around Rs 4,225 crore.
Given India's T+1 settlement cycle, shares purchased on the record date (June 17 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 16 will be the beneficiaries.
In comparison, the company had issued a interim dividend of Rs 19 on Aug. 28, and an interim dividend of Rs 10 in May 2024.
Hindustan Zinc's net profit surged 47.3% year-on-year to Rs 3,003 crore in the January-March period. That compares with the Rs 2,522-crore consensus estimate of analysts polled by Bloomberg.
The integrated zinc producer's revenue was up 13.41% to Rs 8,829 crore, while Ebitda rose 17.42% to Rs 4,562 crore. Margins expanded by 176 basis points to 51.67%.
Hindustan Zinc's mined metal and refined production increased 17% and 4% quarter-on-quarter respectively in the January-March period. The production for mined and refined metal for the entire fiscal year 2025 stood at 1,095 kilotonne and 1,052 kilotonnes, respectively.
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