MP Birla Group stock recommends 150% dividend, net income zooms 272% in Q4: Do you own?
Vindhya Telelinks is a small cap company that recorded a market cap of ₹2,350.80 Cr during Friday’s closing session. The MP Birla Group company is a prominent manufacturer and supplier of both jelly filled telecommunication cables and optical fibre telecommunication cables.
The Board of Directors have “Recommended Dividend of Rs. 15/- per share (i.e. 150%) on 1,18,50,863 Equity Shares of face value of Rs.10/- each of the Company for the financial year 2022-23, subject to approval of the same by the Shareholders in the ensuing Fortieth (40th) Annual General Meeting of the Company,” said Vindhya Telelinks in a stock exchange filing.
The company has reported a total income of Rs.1376.73 crores during the quarter ended March 31, 2023 as compared to Rs.370.06 crores during the quarter ended March 31, 2022, representing a YoY growth of 272.03%. During Q4FY23, the company’s net profit stood at ₹101.30 Cr up by 80.69% YoY from ₹56.06 Cr in Q4FY22. Its EPS surged by 80.68% YoY to ₹85.48 during the quarter under review from ₹47.31 in the year-ago quarter.
In the financial year ended March 2023, Vindhya Telelinks reported a net income of ₹2913.92 Cr up by 115.06% YoY from ₹1354.95 in the previous financial year. During 12MFY23, the company’s net profit dropped to ₹185.31 Cr from 193.27 Cr in 12MFY22, representing a fall of 4.12% YoY.
On Friday, the shares of Vindhya Telelinks hit a fresh 52-week-high of ₹2,235.00 on the NSE and then closed at 1,972.15. The stock touched a 52-week-low of ₹846.85 on (17-June-2022). During Q4FY23, the company reported promoters shareholding of 43.55%, FIIs stake of 1.23%, DIIs stake of 10.01% and a public stake of 45.21%.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Download The Mint News App to get Daily Market Updates.