ANI
25 Jan 2023, 04:56 GMT+10
New Delhi [India], January 24 (ANI): TVS Motor Company on Tuesday declared an interim dividend of Rs 5 per share for its investors for the current financial year ending March 2023.
A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.
This dividend will absorb a sum of Rs 238 crore for the 2022-23 financial year ending March, the automaker said in a regulatory filing.
The declared interim dividend will be paid on or after February 9, 2023, to those shareholders, who hold shares in physical form or in electronic form.
The record date is February 2, 2023. The record date is set for the purpose of ascertaining the eligibility of shareholders for payment of the dividend.
Meanwhile, TVS Motor Company's net profits during the October-December quarter were at Rs 352.75 crore, an increase of 22.5 per cent on a yearly basis as compared to Rs 288.31 crore same quarter of last year.
TVS Motor Company's operating revenue grew by 15 per cent at Rs 6,545 crore for the quarter ended December 2022 as against Rs 5,706 crore reported in the same quarter of 2021.
Further, electric vehicle sales during the October-December 2022 quarter were at 0.29 lakh units as against just 0.02 lakh units during the same quarter of 2021.
In Q3 2022-23, the Company registered total two-wheeler sales of 8.36 lakh units as against 8.35 lakh units in the quarter that ended December 2021. (ANI)
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationDUBLIN, Ireland: A just-released survey shows that over half of the chief executives in Ireland believe the nation's economic growth ...
NEW YORK CITY, New York: As it sets aside more funds to cover potentially bad loans, American Express announced that ...
New Delhi [India], February 4 (ANI): Officials at Sadar Bazar police station and local businessmen set an example of humanity ...
New Delhi [India], January 4 (ANI): The Delhi High Court has extended the interim bail granted to businessman Ajay Ramesh ...
Washington [US], February 4 (ANI): A US jury on Friday decided that Tesla CEO Elon Musk was "not liable" for ...
New Delhi [India], February 3 (ANI): BJP national general secretary Tarun Chugh on Friday demanded a central agency inquiry into ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...
TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
New Delhi [India], February 4 (ANI): Keeping pace with the green energy focus of the world and reducing its carbon ...