Miniratna public sector undertaking MSTC Ltd shares today slipped 3.11% on Bombay Stock Exchange (BSE) to settle at Rs 559.95 per share. The company today declared its consolidated net profit for the quarter ended December 31, 2024 at Rs 254.54 crore, up 602.95% year-on-year (YoY) as against the net profit of Rs 36.21 crore declared in the corresponding quarter of last year. MSTC also declared its highest ever dividend today.
The Board declared 2nd interim dividend of Rs 32 per equity share of the face value of Rs 10/- each for the financial year 2024-25. The company fixed February 14, 2025 as the record date for the interim dividend. Meanwhile, the company’s market cap is Rs 3942.05 crore and it offers a high return of equity of 49.80%. Check key details below:
MSTC Recommends 2nd Interim Dividend
As per the exchange filing of the company dated February 10, 2025, “the Board has also declared 2nd Interim Dividend @ 320% i.e. Rs. 32 per equity share of face value of Rs.10 /- each for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration.”
MSTC Sets Record Date February 14, 2025
The exchange filing added, “the Board has also fixed 14th February, 2025 as the “record date” for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration.”
MSTC Ltd Dividend History
MSTC recommended a total of 10 dividends since September 16, 2020. In last 1 year, the PSU declared an equity dividend amounting to Rs 14.00 per share. At the current share price of Rs 559.95 per share, MSTC offers a dividend yield of 2.50%.
MSTC Financials
The company today announced its consolidated revenue from operations at Rs 81.14 crore for the quarter ended December 31, 2024 as against Rs 70.85 crore declared in the similar quarter of last year. Total income of MSTC declared at Rs 96.20 crore for the quarter under review from Rs 94.93 crore announced in December 2023 quarter. Earning per share of the PSU announced at Rs 35.63 for December 2024 quarter as against Rs 5.25 declared in December 2023.
MSTC Ltd Share Performance
The 52-week high price of MSTC share on BSE is Rs 1046.35 apiece (as on 09/02/2024) and 52-week low price is Rs 541.95 apiece (as on 28/01/2025), respectively. MSTC shares slipped 3.64% in last 1-week, fell 43.21% in last 1-year, and rose 87.53% in last 2-years. In last 5-years, MSTC zoomed 297.97%.
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