IRCTC Declares 175% Interim Dividend; Know Record Date, Payment Date Here

[ad_1]

Last Updated: February 10, 2023, 08:02 IST

IRCTC Interim Dividend Announced

IRCTC Interim Dividend Announced

The Board of Directors of IRCTC at its meeting held on Thursday has declared an interim dividend of Rs 3.50 per share

IRCTC Dividend 2023: IRCTC on Thursday reported over 20 per cent on-year growth in net profit from continuing operations to Rs 255.52 crore in the fiscal third quarter of FY23, rising from Rs 208.80 crore in the same quarter last year. In order to reward its shareholders, the company has also declared an interim dividend.

The Board of Directors of IRCTC at its meeting held on Thursday has declared an interim dividend of Rs 3.50 per share on equity shares of face value of Rs 2/- each for the financial year 2022-23, which is 175 per cent of paid-up share capital.

IRCTC has fixed February 22 as the record date to pay the interim dividend for the ongoing fiscal. The company clocked strong revenue growth from all the segments, except the internet ticketing business.

The payment of Interim Dividend will be made within 30 days of its declaration i.e. March 9, 2023. “This is to inform that the Board of Directors of the Company at its meeting held on Thursday, February 9, 2023, has declared an interim dividend of Rs.3.50/- per share on Equity Shares of face value of Rs. 2/-each for the financial year 2022-23, which is 175% of paid-up share capital," the company said in an exchange filing.

IRCTC Q3 Results

IRCTC witnessed a 22 per cent in its net profit in the third quarter of this financial year and its revenue from operations soared 70 per cent year-on-year to Rs 918 crore for the December quarter, up from Rs 540 crore in the corresponding quarter of last year. IRCTC’s revenue from catering segment zoomed 275 per cent on year to Rs 394 crore, which was Rs 105 crore in Q3 last year.

The internet ticketing business saw 4 per cent decline in revenues to Rs 301 crore during the October-December period.

Breaking down the segmental performance, revenue from State Teertha increased 467 per cent YoY to Rs 25.5 crore, revenue from catering jumped 276 per cent YoY to Rs 394 crore. Revenue from Rail Neer and Tourism went up by 58 per cent and 79 per cent to Rs 79 crore and Rs 122 crore, respectively.

Read all the Latest Business News here

Aparna Deb
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her ...Read More
[ad_2] Source link https://worldnews2023.com/economy/irctc-declares-175-interim-dividend-know-record-date-payment-date-here/?feed_id=299125&_unique_id=6627b23b70c2e

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I...
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad...
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic...
Read more