Dividend shares 2023: Shares of Hindustan Unilever, Kajaria Ceramics, Laurus Labs, Share India Securities, Tech Mahindra, Bhansali Engineering Polymers and Cantabil Retail India will be in focus when the stock market opens today. The board of directors of these companies declared dividend and stock split for their eligible shareholders.
Hindustan Unilever declared an interim dividend of ₹18 per share, Kajaria Ceramics declared an interim dividend of ₹6 per share. Laurus Labs declared an interim dividend of ₹0.40 per share, Share India Securities declared an interim dividend of ₹3 per share, Tech Mahindra declared an interim dividend of ₹12 per share.
Meanwhile, Cantabil Retail India declared shares divided by ₹10 to ₹2.
Hindustan Unilever – HUL reported a marginal decline in consolidated net profit at ₹2,657 crore for the second quarter ended September 30 amid weak rural demand and increased competitive intensity. Its total revenue stood at ₹15,806 crore in the September quarter compared to ₹15,253 crore in the year-ago period.
Kajaria Ceramics – Kajaria Ceramics reported weaker-than-expected second-quarter profit, hurt by sluggish domestic demand for tiles. Its consolidated net profit was ₹108 crore in the quarter ended September 30. Its income from tiles grew a moderate 2.9% at ₹1,013 crore. The consolidated income from operations rose 4.1% to ₹1,122 crores.
To share India’s Values— The financial services provider reported total revenue at ₹367,942 crore in Q2 FY24, compared to ₹243.29 crore in Q2 FY23. Its Ebitda stood at ₹177.55 crore in Q2 FY24, compared to ₹112.28 crore in Q2 FY23. Share India Securities reported Q2 FY24 net profit at ₹112.62 crores against ₹74.13 crore in Q2 FY23.
Mahindra Technician – IT services company Tech Mahindra reported a 61.6% drop in September quarter net profit, its worst performance since March 2007, hurt by higher expenses and weak customer spending. The company’s margins on earnings before interest and tax contracted to 4.7% from 11.4% last year.
Laurus Labs- The consolidated net profit of the pharmaceutical company fell 84.1% year on year at ₹37.12 crore in the quarter ended September 2023 (Q2 FY24) vs ₹232.08 crore in the previous year period. Its revenue lost more than 22% YoY at ₹1,224 crore in Q2 of ₹1,575.89 crore in the previous fourth year.
Bhansali Engineering Polymers–Last year, in total, Bhansali Engineering Polymers distributed ₹2.33 dividend to shareholders.
Cantabile Retail – Cantabil reported September quarter net profit at ₹7.50 crore, less than 19.2% of ₹9.28 crore last year. Its Q2 net sales stood at ₹135.11 crore, more than 16.48% of ₹116.00 crore last year. Its Ebitda stood at ₹30.14 crore in September quarter of 2024, down 5.99% from ₹32.06 crore a year ago.