Trent Board Recommends Dividend Of Rs 5 Per Share
Once approved, Trent will pay shareholders Rs 177.74 crore in dividends.
Trent Ltd. board on Tuesday approved a dividend of Rs 5 per share for the financial year 2024-25. The proposal is subject to the approval of shareholders during the annual general meeting, according to an exchange filing.
Once approved, the company will pay shareholders Rs 177.74 crore in dividends.
The company has 2.83 lakh retail investors holding nominal share capital up to Rs 2 lakh owning 13.42% equity. They will get a dividend worth Rs 23.85 crore.
In the previous fiscal, the Tata Group company paid a Rs 3.2 per share dividend. In FY23, it paid Rs 2.2 per share.
Meanwhile, Trent reported a 47% decline in standalone net profit during the fourth quarter at Rs 349.92 crore.
Revenue rose 28.8% to Rs 4,106.10 crore.
On an operational basis, Ebitda increased 38% to Rs 656.39 crore versus Rs 477.27 crore in the year-ago period. The margin expanded to 16% versus 15%.
