40% Dividend: Rolling stock producer declares FY24 dividend with Q4 results, net profit soars 64% YoY; do you own?

livemint.com:

Titagarh Rail Systems FY24 Dividend: Titagarh Rail Systems announced its January-March quarter results for fiscal 2023-24 (Q4FY24) and also declared board recommended a dividend of 40 per cent for the previous financial year on Wednesday, May 15. ‘’Recommendation of dividend of 40 per cent (i.e. Re.

0.80) per equity share of Rs. 2 each for the financial year 2023-2024. The dividend as recommended by the Board is subject to approval of the shareholders at the ensuing Annual General Meeting of the company, date of which will be intimated in due course,'' said Titagarh Rail Systems in a regulatory filing to the stock exchanges today.

Also Read: Titagarh Rail share price jumps nearly 9% to 15-week high; here's why India's leading freight wagon manufacturer's net profit soared 64 per cent to ₹79 crore in the March quarter, compared to ₹48 crore in the corresponding period last year. Titagarh Rail System's revenue from operations in the fourth quarter of FY24 rose eight per cent to ₹1,052.4 crore, compared to ₹974.2 crore in the year-ago period. On the operating front, the private rolling stock manufacturer's earnings before interest, taxes, depreciation, and amortization (EBITDA) in the March quarter rose 25.7 per cent to ₹120 crore, compared to ₹95.5 crore in the year-ago period.