Large Cap Tata Group Stock Declares 425% Dividend, Net Profit Declines

Board of Tata Group Stock, Voltas Ltd on Wednesday declared 425% dividend for the year 2022-23. The company declared a 21.7% YoY dip in consolidated net profit at Rs 143.2 core for the fourth quarter that ended March 31, 2023. The large cap consumer durables sector stock declared a net profit of Rs 183 crore in the corresponding quarter last year.

Voltas total revenue for the March quarter declared at Rs 2956.8 crore during the period under review, up 10.9% against Rs 2667 crore in the corresponding period of previous year. The stock is currently trading 13% away from its 52-week low price. Check details below:

Voltas Ltd Declares Dividend: According to the BSE filing of the company, "The Directors have recommended Dividend of Rs.4.25 per share on face value of Re. 1 per share (425%) for the year 2022-23 which shall be subject to approval of shareholders at the ensuing 69th Annual General Meeting of the Company. The Meeting of the Board of Directors commenced at 12.00 noon and concluded at 6.15 p.m."

Voltas Ltd Stock Performance & Return: The last trading price of Voltas is Rs 855.05 apiece with intraday gain of 1.36%. The stock's 52-week high price is Rs 1302.00 per share and 52-week low price is Rs 737.60 per share, respectively. The company has a market capitalisation of Rs 28,292.30 crore. It gave 13% return in last 3-months, fell 32% in last 1-year, and gave 75% return in last 3-years.

Voltas Ltd About: Voltas Limited is a six-decade old company in India with expertise in Air Conditioning & Cooling technology. With Voltas strong foothold in the Indian market, the company understands the needs and requirements of modern consumers. From sales to service, Voltas is able to bridge all gaps, according to the official website of the company.

Disclaimer: The stock declared dividend today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.