Keystone Realtors Dividend: Last Day To Buy Shares To Qualify – Check Details
Keystone Realtors Dividend: Shareholders who hold shares by the close of trading on Thursday, May 22, will be eligible for the payout.
Shares of Keystone Realtors will be in focus on Thursday as the company is planning to pay a final dividend for the financial year 2024-25 (FY25). The record date to determine eligible shareholders is set for May 23.
Hence, Thursday marks the last day to qualify for the potential dividend under the T+1 settlement cycle followed by the Indian markets.
On May 14, Keystone Realtors held a Board of Directors meeting, during which it approved the audited standalone and consolidated financial results for the year ended March.
“The Board also recommended a final dividend of Rs 1.50 per fully paid-up equity share of Rs 10 each (15% of face value), subject to shareholder approval at the upcoming AGM,” it said in an exchange filing after the meeting.
The record date for dividend eligibility is May 23. This means that to be eligible for the dividend, one must buy the shares at least one trading day before the record date. Since the record date is Friday, May 23, the last day to buy shares and still be eligible for the dividend is Thursday, May 22.
This happens because Indian markets follow the T+1 settlement cycle. Under this, any shares bought on the record date itself do not qualify for the dividend payout. As a result, only shareholders who hold shares by the close of trading on Thursday, May 22, will be eligible for the payout.
Keystone Realtors Q4FY25 Results:
In Q4 FY25, Keystone Realtors reported revenue of Rs 585 crore compared to Rs 812 crore in Q4 FY24. The company logged an Ebitda of Rs 107 crore with a margin of 16.7%. In Q4 FY24, the Ebitda stood at Rs 68 crore with a margin of 8.1%. The company’s PAT stood at Rs 69 crore, more than double that of Q4 FY24.
For the quarter, the area sold jumped 53% to 0.58 million square feet, compared with 0.38 million square feet in Q4 FY24.
