Havells share price in focus as stock trades ex-dividend today
- Dividend Stock: Havells share price remains in focus today as stock trades ex-dividend and ex-record date for interim dividend of ₹4 per equity share.
Dividend Stock: Havells India share price dipped over 1% on Wednesday, January 22 as stock turned ex-date regarding its interim dividend of ₹4 per equity share.
At their meeting on January 16, the Board of Directors of Havells India declared an interim dividend of ₹4 per equity share, or Re 1/—each. This translated into a dividend of 400% of the company's equity share capital.
Havells Interim dividend Record date
Havells India had set a record date for interim dividend payment as January 22. Hence, the interim dividend payment will be made to all shareholders whose names appear in the Register of Members as of the Record Date, which is January 22.
This means that as per the T+1 settlement mechanism, investors needed to buy shares of Havells India a day before the record date for their names to appear in the list of eligible shareholders for receiving dividend payout.
Interim Dividend payout date
Havells India in its release had said that the dividend shall be paid/ dispatched to the shareholders on or before 30 days from the date of its declaration i.e. on or before February 14, 2025.
Havells India Q3 Results
On January 16, 2025, Havells India released its Q3 results, showing a 10.76% year-over-year rise in topline revenue. However, the company's profit, which came to ₹278.3 crore, decreased by 3.34% from the previous year. The quarter's revenue from Operations was ₹4888.98 crore.
The cost pressure impacted Havells operating performance. FOr instance The selling, general, and administrative costs increased by 16.91% year over year and 8.85% quarter over quarter. This rise in costs has resulted in decreased profit margins for the business.
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