During the last quarter of FY23, the Hyderabad-based company reported a consolidated net profit of Rs 12.53 crore, which is lower by 63% compared with a PAT of Rs 34.15 crore recorded in the same period last year.

• Vedanta Outlook for the Week (April 22, 2024 – April 26, 2024)
• Tata Steel Outlook for the Week (April 22, 2024 – April 26, 2024)
• PFC Outlook for the Week (April 22, 2024 – April 26, 2024)
• Piramal Enterprises Outlook for the Week (April 22, 2024 – April 26, 2024)
• MANAPPURAM Outlook for the Week (April 22, 2024 – April 26, 2024)

Revenue from operations fell by 7% YoY to Rs 767.17 crore in the past quarter of FY23. Total expenses declined by 4% YoY to Rs 749.55 crore in the Oct-Dec quarter of FY23. Profit before tax in the Oct-Dec quarter of FY23 stood at Rs 17.32 crore, down by 68% from Rs 54.72 crore reported in FY22. 

The company’s board of directors has approved an interim dividend of Rs 20 per share FY22-23. 

The company has fixed Monday, February 6, 2023, as the record date, and the said interim dividend will be paid to those whose name appears in the Register of Members (both physical & electronic mode) as on the record date. The interim dividend payment will be processed within 30 days of the declaration date.

The scrip fell 3.94% yesterday to end at Rs 2,408.65 on the BSE.