Schaeffler India, on Tuesday, introduced that it has set Wednesday, April 23, 2025, because the report date for the fee of dividend to its eligible shareholders.
“That is to tell you that the Document Date for the aim of 62nd Annual Common Assembly (‘AGM’) and figuring out the record of members eligible for the fee of Dividend is Wednesday, April 23, 2025,” the corporate mentioned in an trade submitting.
The corporate additional knowledgeable that the dividend for the yr ended December 31 will likely be paid inside 30 days from the date of the Annual Common Assembly (AGM).
On February 27, Schaeffler India introduced that its board has proposed a considerable dividend of ₹28 per share. Nonetheless, the payout is topic to shareholder approval on the firm’s Annual Common Assembly (AGM). The 62nd AGM of Schaeffler India is ready to happen on Wednesday, April 30, 2025.
“Really useful a Dividend of ₹28 per Fairness Share of face worth of ₹2 every. The Dividend for the yr ended December 31, 2024, if accepted by the Shareholders on the ensuing Annual Common Assembly (AGM) shall be paid inside 30 days from the date of AGM,” Schaeffler India mentioned in an trade submitting.
Schaeffler India share value fell over 2 per cent on Tuesday, March 11. At 1:23 pm, Schaeffler India inventory was buying and selling at ₹3,210.50 apiece on NSE.
Schaeffler India dividend historical past
This marks Schaeffler India’s third-largest dividend payout. Beforehand, in 2021, the corporate distributed a dividend of ₹38 per share to its traders. Earlier than that, in 2020, it had rewarded shareholders with a ₹35 per share dividend.
In 2023, Schaeffler India distributed a dividend of ₹24 per share to its traders. Throughout the identical yr, the corporate underwent a inventory break up in a 5:1 ratio and subsequently issued a dividend of ₹16 per share.
Schaeffler India Q3 FY25 outcomes highlights
Schaeffler India reported a 13.20 per cent rise in web revenue, reaching ₹237.28 crore within the December 2024 quarter, up from ₹209.61 crore in the identical interval of 2023. Gross sales grew by 13.95 per cent in Q3FY25, totaling ₹2136.06 crore, in comparison with ₹1874.55 crore in Q3FY24.
For the complete yr, web revenue elevated by 4.43 per cent to ₹938.86 crore in December 2024, up from ₹899.02 crore in December 2023. Annual gross sales rose by 13.54 per cent, reaching ₹8232.38 crore in 2024, in comparison with the earlier yr’s ₹7250.89 crore.
EBITDA noticed a 14.2 per cent YoY enhance, rising from ₹324.1 crore in Q4FY23 to ₹370.2 crore within the newest quarter. Nonetheless, the EBITDA margin remained secure at 17.3 per cent.
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