BCL Industries Dividend 2024: 25% cash reward announced by ethanol maker in Q4 results
bcl industries dividend 2024: 25% cash reward announced by ethanol maker in q4 results
BCL Industries Dividend 2024: BCL Industries has announced to reward its shareholders by distributing dividend. The company made the announcement regarding dividend in its Q4 results FY2024 (quarterly results).
According to an exchange filing by the company, the board has recommended a dividend payout of 25 per cent on each stock of Re 1 face value.
A dividend is a cash reward that a company pays to its shareholders for their investment in the business. A dividend is always calculated and paid on the face value of each stock.
The current face value of each stock of BCL Industries is Re 1. Accordingly, the 25 per cent dividend translates into a dividend payout of Rs 0.25.
"Recommended an equity dividend of 25 paisa per share on face value of Re 1 each i.e. for the financial year ended March 31, 2024," BCL Industries said in a filing.
The dividend is subject to declaration by the Members at the 48th AGM of the company. The Dividend, if declared at the AGM, will be paid to shareholders within 30 days of declaration of the same.
The company didn't announce the dividend record in its latest filing. The record date will be announced by the company in the due course and informed via exchanges.
BCL Industries Q4 Results
BCL Industries has announced that its consolidated revenue from operations in the fourth quarter (Q4FY2024) grew by around 40 per cent YoY to Rs 613 crore. The company's revenue stood at Rs 456 crore in the same quarter a year ago. The net profit in the quarter under review came in at Rs 23.7 crore.
The company informed that the additional 200 KLPD ethanol production plant at Bathinda unit which was commissioned in June 2023 has now been fully stabilized and total 400 KLPD is currently running at its rated/full capacity. It added that the existing capacity of 200 KLPD ethanol production plant at Kharagpur unit continues to run at its rated/full capacity.
Also, the rice straw-based power plant also has been stabilized and is giving substantial cost savings to the company and its effect will be seen in the financial performance in the current financial year 2024-25, it said in a statement.
BCL Industries Share Price History
BCL Industries is a constituent of S&P BSE SmallCap. As per BSE analytics on May 22, the counter has delivered a positive return of 21 per cent in the last one year and 34 per cent in two years.
In the last three and five years, BCL Industries shares have delivered a multibagger return of 252 per cent and 520 per cent, respectively. In 10 years, the stock has skyrocketed a whopping 2,275 per cent, resulting in wealth gain for investors.
BCL Industries shares have a 52-week range of Rs 86.25 - Rs 43.13. The company commands market cap of Rs 1,496.56 crore as on May 22, according to BSE website.
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