Kirloskar Ferrous Industries Ltd.'s board on Tuesday declared an interim dividend of Rs 3 per equity share of face value of Rs 5 each, according to an exchange filing.
The record date to determine the shareholders eligible for the dividend payout has been fixed as Feb .14. The dividend will be paid on, or before March 3, the company added.
The interim dividend announcement from Kirloskar Ferrous came on the day it announced the financial results for the quarter ended Dec. 31, 2024. The company posted a 48.4% slip in its consolidated net profit to Rs 54.3 crore compared to Rs 105 crore in the year-ago period.
The consolidated revenue rose 3.8% to Rs 1,608 crore, as compared to Rs 1,548 crore in the year-ago quarter.
The pig iron manufacturer's earnings before interest, taxes, depreciation and amortisation declined by 25.1% to Rs 174 crore as against Rs 232 crore in the corresponding quarter of the last fiscal. The Ebitda margin fell to 10.8% from 15%.
Before the quarterly results were declared, shares of Kirloskar Ferrous closed 0.2% higher at Rs 544.05 apiece on the BSE, compared to 1.81% rise in the benchmark Sensex. The stock has declined by nearly 15% over the past 12 months.
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