150% Dividend: Logistics Stock, With Highest EPS Among Peers, Declares Dividend

Mid cap logistics sector company, TCI Express Ltd on Tuesday announced its quarterly results and declared interim dividend too. The board of directors of the company announced an interim dividend for FY 2023-24 at 150% (Rs 3/-) per equity share of the face value of Rs 2/- each to the shareholders. The company announced a 5.8% fall in it standalone profit at Rs 35.58 crore for the quarter ended September 30, 2023 as against Rs 37.79 crore in corresponding period of last fiscal. Check details below:

TCI Express Declares Interim Dividend: The company in its latest BSE filing declared, "the Board Meeting of TCI Express Limited on Tuesday, October 17, 2023 declared Interim dividend for FY 2023-24 @ 150% (Rs.3/-) per Equity Share of Face value of Rs.2/- each to the Shareholders, whose names will appear on the Register of Members on the RECORD DATE i.e., Thursday, October 26, 2023, which has been decided in due consultation with the Stock Exchanges. The payment of dividend/ dispatch of warrants will be completed within the statutory time limit."

TCI Express Stock Performance, Return, EPS: Last trading price of TCI Express share on BSE is Rs 1391.45 per share with intraday fall of 0.61%. Its 52-week high price is Rs 1980.00 per share and 52-week low price is Rs 1364.45. per share, respectively. The company's market capitalisation is Rs 5334.19 crore. TCI Express shares declined 10% in last 3-year, fell 23% YTD, slipped 25% in last 1-year, and gave return of 76% in last 3-years. TCI Express stock fell 12.92% in last 2-years and gave return of 127% in last 5-years.

EPS: The company has the highest EPS of 36.70 as compared to its peers of RITCO (10.84), Gateway (4.80), and Container Corporation of India Ltd (18.41). A higher EPS will indicate more value as investors will pay more for a company's shares if they believe the company has higher profits relative to its share price.

TCI Express Results For July-September 2023-24 Quarter: The company's total income from operations during July-September 2023-24 soared to Rs 321.75 crore from Rs 312.17 crore in the year-ago period, as per its BSE filing. Meanwhile, total expenses during the quarter surged to Rs 274.60 crore from Rs 262.26 crore in July-September 2022-23.

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