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Bosch reports ₹518 cr profit in Q3, announces interim dividend

Thehindubusinessline

Thehindubusinessline · 1y ago

Bosch reports ₹518 cr profit in Q3, announces interim dividend

Bosch, the engineering and technology major, reported a net profit of ₹518 crore in Q3, a 62.43% increase from the same quarter last year. The company's revenue from operations also grew by 14.89% to ₹4,205 crore. A special payout in the form of an interim dividend of ₹205 per equity share was declared. The increased demand for vehicles contributed to the strong growth, particularly in the automotive segment. Overall product sales in the automotive segment increased by 16.8% compared to the previous year.

Related News

Vedanta announces ₹4,000 cr dividend, plans to raise ₹8,500 cr

Livemint

Livemint · 1y ago

Vedanta announces ₹4,000 cr dividend, plans to raise ₹8,500 cr

Mining and metals major Vedanta Ltd plans to raise ₹8,500 crore ($1.17 billion) in capital through equity or debt channels. The company also declared an interim dividend of ₹11 per share, totalling ₹4,089 crore. Additionally, it announced an investment in its Saudi Arabian unit to set up a copper rod plant, citing growth opportunities in new geographies. Vedanta has a history of high dividends, driven by parent company Vedanta Resources' debt payment needs. The firm's shares have gained nearly 70% since the start of the year.

Sula Vineyards Q3 results: Net profit rises to ₹24.98 crore on strong demand

Livemint

Livemint · 1y ago

Sula Vineyards Q3 results: Net profit rises to ₹24.98 crore on strong demand

Sula Vineyards, India's largest wine manufacturer, reported a 9% increase in Q3 profit due to higher demand for its premium brands and wine tourism business. Consolidated net profit rose to ₹42.98 crore ($5.2 million) compared to ₹39.28 crore last year. The wine segment revenue increased by 4%, while wine tourism revenue grew by 16%. The company's EBITDA margins also expanded, and an interim dividend of ₹4 per share for FY2024 was declared.

Vedanta board announces third interim dividend of FY25 at ₹20 per share | Mint

Livemint

Livemint · 11m ago

Vedanta board announces third interim dividend of FY25 at ₹20 per share | Mint

Vedanta Ltd's Board of Directors has approved the issuance of a third interim dividend for the financial year 2024-25. The dividend amounts to ₹20 per equity share and the total value is ₹7,821 crore. The dividend will be paid on September 10. This is the third dividend issued by Vedanta in the current financial year, with the previous dividends being ₹11 per share and ₹4 per share. Vedanta also reported a 54% rise in net profits for the April-June quarter of FY 2024-25.

LIC Q3 profit up 49% at ₹9,444 cr, net premium income grows 4.6%

Livemint

Livemint · 1y ago

LIC Q3 profit up 49% at ₹9,444 cr, net premium income grows 4.6%

Life Insurance Corporation of India (LIC) reported a 49% increase in profit, reaching ₹9,444 crore for the third quarter ending December 2023. The company's board also approved an interim dividend of ₹4 per share. LIC attributes its positive results to its focused approach towards diversifying its product mix and strategic interventions. The insurer aims to enhance value for stakeholders and develop new products to meet the evolving needs of customers.

Dividend stock: Vedanta board to consider fourth interim dividend for FY25 on October 8 | Mint

Livemint

Livemint · 10m ago

Dividend stock: Vedanta board to consider fourth interim dividend for FY25 on October 8 | Mint

Metals-to-mining conglomerate Vedanta Ltd. has announced that its Board of Directors will meet on October 8, 2024, to consider the declaration of the fourth interim dividend for the financial year 2024-25. The record date for the announcement of the interim dividend for equity shareholders is October 16, 2024. Vedanta had previously declared two interim dividends for the same financial year, amounting to ₹11 and ₹4 per share. The company reported a net profit of ₹5,095 crore in the April to June quarter of FY25, a 54% increase from the same period last year.

Stocks in news: Adani Enterprises, Sun Pharma, Vedanta, Nazara Tech, NTPC

Economic Times

Economic Times · 1m ago

Stocks in news: Adani Enterprises, Sun Pharma, Vedanta, Nazara Tech, NTPC

The article discusses various stock-related news and market movements. Birla Corporation emerges as the top bidder for a limestone block in Rajasthan, while markets face pressure from geopolitical tensions. Adani Enterprises refutes reports of damage in Israel, Bajaj Finance announces stock changes, Sun Pharma faces FDA observations, and Vedanta plans for an interim dividend. Additionally, Rekha Jhunjhunwala cuts her stake in Nazara Technologies, and Syngene receives FDA recognition for its facilities.

Google parent announces first-ever dividend; beats on sales, profit; shares soar

Economic Times

Economic Times · 1y ago

Google parent announces first-ever dividend; beats on sales, profit; shares soar

Alphabet, the parent company of Google, announced its first-ever dividend and a $70 billion stock buyback, resulting in a surge in stock price by nearly 16%. The company plans to return capital to investors while investing heavily in data centers and artificial intelligence. The dividend will be 20 cents per share. This move follows similar announcements by competitors such as Meta, formerly known as Facebook. Alphabet reported better-than-expected sales, profit, and advertising metrics for the quarter, increasing its stock market value by over $300 billion to exceed $2 trillion.

Vedanta board to meet on June 18 to consider interim dividend. Check record date

Economic Times

Economic Times · 1m ago

Vedanta board to meet on June 18 to consider interim dividend. Check record date

Vedanta's board will meet on June 18 to discuss the first interim dividend for the fiscal year 2025–26. Shareholders as of June 24 will be eligible to receive the dividend if approved. Vedanta, a major player in the natural resources sector, has a history of shareholder returns, with interim dividends amounting to Rs 46 per share in the previous fiscal year. This consistent payout reflects strong cash flow and a positive earnings outlook.

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25

Entrackr

Entrackr · 6m ago

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25 CarTrade released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Wednesday. The company reported a 26% year-on-year revenue growth compared to Q3 FY24, with a major turnaround in its bottom line. CarTrade’s revenue from operations surged 26.6% to Rs 176 crore in Q3 FY25 in contrast to Rs 139 crore in Q3 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange (NSE). The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 39% of the total operating revenue which increased to Rs 68 crore in Q3 FY25 from Rs 50 crore in Q3 FY25. Income from the remarketing and classified segment stood at Rs 58 crore and Rs 50 crore in the third quarter of the ongoing fiscal year. CarTrade also added Rs 17 crore from other non-operating businesses which tallied its overall revenue to Rs 193 crore in Q3 FY25, compared to Rs 152 crore in Q3 FY24. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 7.3% to Rs 73 crore during the period. This cost also includes share-based expenses of Rs 3.36 crore. CarTrade’s overall expenses increased 12% to Rs 140 crore in Q3 FY24 from Rs 125 crore during Q3 FY24. The strong growth and controlled spending enabled CarTrade to achieve a turnaround and post a net profit of Rs 45.5 crore in Q3 FY25, compared to a loss of Rs 23.5 crore in Q3 FY24. However, the company had already recorded a revenue of Rs 472 crore and a net profit of Rs 99 crore during the nine months of the ongoing fiscal year. CarTrade recorded a 4.78% hike in its share price today and is trading at Rs 1,433.3 (as of 12:47) with a total market capitalization of Rs 6,789 crore or $800 million.

Infosys hands out salary revision letters to employees, average hike below 10%

Livemint

Livemint · 1y ago

Infosys hands out salary revision letters to employees, average hike below 10%

Infosys has provided salary revision letters to its employees, with the average pay hike below 10% and effective from November 1, 2023. Entry-level employees were excluded from the annual hikes. The company's net profit increased in the July-September quarter, and it has narrowed its revenue growth guidance for the full year. Infosys also declared an interim dividend per equity share. The operating margin for the September quarter saw a sequential rise.

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