TVS Motor Company Ltd. has declared an interim dividend for the fiscal 2025-26, worth Rs 12 per share with a face value of Rs 1, according to an exchange filing from the company on Tuesday. This is the highest dividend announced by the company since its listing. The total amount to be disbursed from this interim dividend by the company adds up to Rs 570 crore.
The company has set March 31 as the record date to determine the eligibility of shareholders to whom the dividend will be paid.
The company will complete the payment of final dividend within 30 days from the from the declaration of interim dividend, according to the exchange filing.
The company in the last fiscal had announced a dividend of Rs 10, while in financial year 2024 it had announced an interim dividend of Rs 8 apiece.
Tata Motors Q3 Results
The auto major's profit rises 52% to Rs 42.01 crore in the third quarter of this financial year. This is in comparison to profit of Rs 618.4 crore in the previous quarter of this fiscal, according to its stock exchange notification on Wednesday.
Revenue advanced by 37.1% year-on-year for the three months ended December, reaching Rs 12,476 crore. Operating income, or earnings before interest, taxes, depreciation, and amortization rose 51% year-on-year to Rs 1,633 crore. The Ebitda margin expanded to 13.1%.
ALSO READ: TVS Motor Q3 Results: Profit Rises 52%; Shares Gain Over 3%
Tata Motors Share Price Today
The update on dividend approval was shared after the market hours on Tuesday. The stock settled 1.97% higher at Rs 3,479.7 apiece on the NSE, compared to a 1.78% advance in the benchmark Nifty 50. The shares earlier during the day rose as much as 2.58% to Rs 3,500.70 per share.
The stock has risen 42.68% in the last 12 months and fallen 8.08% year-to-date.
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