200% Dividend Declared: Chemicals Stock Fixes Feb 12 As Record Date, Q3 Profit Falls

Clean Science and Technology Ltd, operating in Specialty Chemicals Industry, on February 3 declared a decline of 25% in its profit for the quarter ended December 31, 2024, as per its BSE filing. Sequentially, net profit soared 21%, showed the regulatory filing. Last trading price of Clean Science and Technology shares on BSE is Rs 1461.55 apiece with intraday fall of 1.21% as on February 2, 2024.

The Board of Directors of Clean Science and Technology declared an interim dividend of Rs 2/- (200%) per equity share of the face value of Re 1/- each for the FY 2023-24. Clean Science and Technology shares rallied 12% in last 6-months. Check details below:

Clean Science and Technology Declares Interim Dividend, Sets Record Date: As per the regulatory filing of Clean Science and Technology dated Feb 3, 2024, "Declared Interim Dividend of Rs. 2/- (200%) per Equity Share of the face value of Re. 1/- each for the financial year 2023-24."

Clean Science and Technology Sets Record Date For Interim Dividend: The BSE filing further mentioned, "Interim dividend shall be paid to the equity shareholders whose name appears in the Register of Member of the Company as on 12th February, 2024 being Record Date fixed for the purpose. The interim dividend will be paid on 23"d February, 2024."

Clean Science and Technology Q3: The company declared its revenue fell 17.7% year-on-year (YoY) to Rs 194.7 crore as against Rs 237.3 crore. The company announced its EBITDA declined 19.8% YoY to Rs 86.6 crore as against Rs 108 crore in the corresponding quarter of last year. Margins arrived at 44.4% as against 44.5. The company declared its profit fell 25% YoY to Rs 62.6 crore as compared to Rs 83.7 crore in the corresponding quarter of last year.

Clean Science Stock Performance & Return: The 52-week high price of Clean Science shares on BSE is Rs 1622.40 per share and 52-week low price is Rs 1227.45 per share, respectively. The company has a market capitalisation of Rs 15,528.88 crore. Clean Science shares witnessed a dip of 8% year-to-date, soared 6% in last 3-months, and declined again by 36% in last 2-years. The scrip fell over 1% in last 1-year.

Clean Science About: Clean Science and Technology Limited ('CSTL') is a fine and specialty chemical manufacturing company incorporated in 2003. It is among the few global organisations focused on developing ingenious technologies with unique, innovative, sustainable and cost-effective catalytic manufacturing processes. Globally, it is among the largest manufacturers of certain chemicals developed in-house, according to its official website.

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