GPT Group Co Set To Reward 1 Bonus Share, Dividend As PAT Jumps 55%; Check Eligibility

Small cap company operating in construction sector, GPT Infraprojects Ltd shares hit upper circuit and 52-week high after the firm announced 55% jump in PAT for Q4, 1:1 bonus share, and dividend. Current market price of GPT Infraprojects share on BSE is Rs 255.85 apiece. GPT Infraprojects shares offered highly attractive returns of 328% in last 1-year and 434% in last 2-years.

GPT Infraprojects shares also hit upper circuit on May 17 and May 18. The company has a market cap of Rs 1,488.33 crore. FII/FPI have increased holdings from 0.59% to 0.74% in March 2024 quarter. Kotak Mahindra Life Insurance Company Ltd. has 1.73% stake in the company. More details below:

GPT Infraprojects Recommends Dividend: As per the BSE filing of GPT Infraprojects dated May 17, "declared 3rd interim dividend for FY 2023-24 @ 10% (i.e. Re. 1 per Share) on the equity shares of the Company, total dividend for FY 2023-24 being 30% (i.e. Rs 3 per share) and fixed the Record Date as Thursday May 30, 2024 for the purpose of payment of 3rd Interim Dividend."

GPT Infraprojects Dividend History: It announced 19 dividends since July 18, 2012. In last 1-year, GPT Infraprojects announced an equity dividend amounting to Rs 3.50 per share. At the current share price of Rs 255.85 per share, GPT Infraprojects offers a dividend yield of 1.37%.

GPT Infraprojects Announces Bonus Share: The BSE filing issued on May 17 stated, "bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10 each for every 1 (One) Equity Shares of Rs. 10 each held by the shareholders of the Company as on the record date to be fixed by the Board / a committee of the Board, subject to the approval of shareholders through Postal Ballot."

GPT Infraprojects Q4: The company declared a jump of 55.67% in its consolidated net profit to Rs 16.19 crore for March 2024 quarter as against the corresponding quarter of last year. It announced a surge of 10.03% in its revenue from operations to Rs 295 crore for Q4 FY2024 as against Q4 fy2023. Profit before tax declared at Rs 23.78 crore for the quarter under review as compared to Rs 11.91 crore declared in Q4 fy2023. EBITDA surged by 36.9% year-on-year (YoY) to Rs 35.6 crore as EBITDA margin grew by 240 bps to 12.1% for the quarter under review. For the whole year, its consolidated net profit soared 84.2% to Rs 57.84 crore for FY 2024 as compared to FY 2023 consolidated net profit. The revenue from operations soared 25.85% to Rs 1018.28 crore in FY 2024 as against FY 2023.

GPT Infraprojects Share Performance: The 52-week high price of GPT Infraprojects share on BSE is Rs 257.15 per share (as on 18/05/2024) and 52-week low price is Rs 53.40 per share (as on 25/05/2023). GPT Infraprojects shares surged over 20% in last 1-week, gained over 52% YTD, surged 86% in last 6-months, and gave eye-catching return of 1115% in last 3-years.

How To Become Eligible For GPT Infraprojects Dividend, Bonus Share? Record date remains crucial role in determining eligibility of shareholders for receiving dividend and bonus share. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend and bonus share announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. GPT Infraprojects fixed May 30 as the record date for dividend. The record date for bonus share is yet to be declared.

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