Shares of REC Ltd and TVS Motor Firm will stay on Wednesday, March 26, as they commerce ex-date. Buyers holding these shares as of at present can be eligible to obtain a dividend of as much as Rs 3.60 per share and Rs 10 per share, respectively. March 26 additionally serves because the report date, which determines the shareholders entitled to obtain the dividend.
Underneath the T+1 settlement system, buyers wanted to buy shares of REC and TVS Motor Firm at the very least one buying and selling day earlier than the report date to qualify for the dividend payout. Those that acquired shares on or after March 26 is not going to be eligible for this dividend distribution.
TVS Motor, REC inventory efficiency
TVS Motor shares noticed marginal positive factors of 0.04 per cent, closing at Rs 2,418.75 in opposition to its earlier shut, with an intraday excessive of Rs 2,444.95. In the meantime, REC Ltd shares had been buying and selling at Rs 433.90, registering a decline of 1.95 per cent. The inventory reached an intraday excessive of Rs 443.00 as of 11:56 am. As compared, the BSE index stood at 77,821.21, reflecting a decline of 0.25 per cent.
REC dividend particulars
On March 19, 2025, REC Ltd declared a fourth interim dividend of Rs 3.60 per fairness share (face worth Rs 10 every) for the monetary yr 2024-25. The report date for this interim dividend was set as March 26, 2025. REC has introduced that the dividend can be paid or dispatched on or earlier than April 16, 2025, to shareholders whose names seem as useful house owners on the report date.
Beforehand, REC declared three interim dividends of Rs 3.50, Rs 4.00, and Rs 4.30 per fairness share for the monetary yr 2024-25 in August 2024, November 2024, and February 2025, respectively.
REC is a ‘Maharatna’ firm underneath the Ministry of Energy, Authorities of India, and is registered with the RBI as a Non-Banking Monetary Firm (NBFC), Public Monetary Establishment (PFI), and Infrastructure Financing Firm (IFC). The corporate’s consolidated internet revenue surged 23.2 per cent to Rs 4,076.35 crore in Q3 FY25, in comparison with Rs 3,308.42 crore in Q3 FY24. Whole revenue elevated 18.4 per cent year-on-year (YoY) to Rs 14,286.91 crore throughout the quarter ended December 31, 2024.
TVS Motor dividend particulars
On March 13, 2025, TVS Motor Firm introduced an interim dividend of Rs 10 per share (1,000 per cent) on 47,50,87,114 totally paid-up fairness shares of Rs 1 every, absorbing a complete sum of Rs 475 crore for the monetary yr ending March 31, 2025. The report date for this dividend was set as March 26, 2025, with fee to be made inside 30 days from the date of declaration.
TVS Motor Firm not too long ago celebrated a milestone with its TVS HLX vary crossing 4 million in international gross sales. First launched in Africa in 2013, the TVS HLX sequence has performed an important position in enhancing mobility options throughout 57 international locations, together with areas in Latin America, Africa, and the Center East.
Two-wheeler main TVS Motor reported a 4.2 per cent YoY progress in its standalone internet revenue for the December quarter, reaching Rs 618 crore in comparison with Rs 593 crore in the identical interval final yr. Nevertheless, the revenue after tax (PAT) fell wanting market estimates of Rs 657 crore. Income from operations for Q3 FY25 stood at Rs 9,097 crore, reflecting a ten per cent enhance over Rs 8,245 crore within the corresponding quarter of the earlier monetary yr.
