Dividend: Engineering Co Declares Payment Date, Shares Rally 101% In 1-Yr

Small cap engineering company, KPT Industries Ltd announced the date of payment of dividend for the year 2022-2023 is 11th October, 2023. Current market price of KPT Industries share is Rs 382.00 apiece with intraday fall of 1.94%. KPT Industries shares rallied 78% YTD and offered a return of 199% in last 2-years. KPT Industries announced dividend of Rs 1.50 per share of the FV of Rs 5 each. Check details below:

KPT Industries Declares Payment Date of Dividend For 2022-23: The company declared the payment date of dividend as October 11 and stated in its October 3 regulatory filing, "Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the date of payment of dividend for the year 2022-2023 is 11th October, 2023."

Earlier, the company on September 16 declared a dividend of Rs 1.50 per equity share of the face value of Rs 5 each. As per the BSE filing, "Pursuant to Regulation 30 of DEBI (LODR), Regulations, 2015. we hereby inform you that the Members of KPT Industries Limited have approved and declared a dividend, as recommended by the board, at 30% for the FY 2022-2023 i.e. Rs. 1.50 (Rupees One and fifty paise Only) per equity share of the face value of Rs. 5/- each, aggregating to Rs. 51 .00 lakhs, in their Annual General Meeting held on Saturday, the 16th September, 2023, at the Registered office of the Company situated at Gat No. 320, Mouje Agar, Tal. Shirol, Dist. Kolhapur, 416103."

KPT Industries Stock Outlook & Return: Current market price of KPT Industries share is Rs 382.00 apiece on BSE with intraday fall of 1.94%. Its 52-week high price is Rs 474.90 per share and 52-week low price is Rs 187.00 per share, respectively. The company has a market capitalisation of Rs 129.88 crore. KPT Industries shares soared 36% in last 3-months, gained 29% in last 6-months, rose 100.18% in last 1-year, surged 198% in last 2-years, and offered a rally of 462% in last 3-years. In last 5-years, KPT Industries stock gained 526%.

KPT Industries Financials: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 37.92 crore, up 6.40% as against last quarter total income of Rs 35.64 crore. It announced its recent quarter net profit after tax at Rs 2.64 crore.

About KPT Industries: It produces and distributes tools. KPT Industries provides electric power tools, spares, control motors, and blowers. It came into existence in 1976 and operates in engineering sector.

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