Mid Cap Co Declares Rs 130 Per Share Dividend, Shares Rally 19% In 1-Yr

Board of ICRA Ltd on May 24 recommended massive Rs 40 per share dividend and Rs 90 per share special dividend. The rating agency company also announced a surge of 15% in its net profit to Rs 38.4 crore for the quarter ended March 2023 against Rs 33.4 crore net profit announced in the corresponding quarter of last fiscal. ICRA Ltd share gave return of 19% in last 1-year. Check details below:

Board of ICRA Ltd Declares Dividend: According to the BSE filing of the company, "Board of Directors has recommended a dividend of Rs 40 per equity share of the face value of Rs. 10 each. In addition, the Board of Directors has recommended a special dividend of Rs. 90 per equity share. The total dividend recommended for the financial year ended March 31, 2023, is Rs. 130 per equity share. The dividend as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting, will be paid/dividend warrants will be dispatched on or before Friday,7th August 25, 2023."

ICRA Ltd Stock Performance & Return: The last trading price of ICRA Ltd is Rs 4764.60 per share with intraday surge of 0.34% on BSE as of May 26, 2023. ICRA Ltd stock's 52-week high price is Rs 5455.55 per share and 52-week low price is Rs 3663.65 per share, respectively. The company has a market capitalisation of Rs 4598.43 crore. In the last 6-months, ICRA Ltd stock gave return of 11%, 19% return in last 1-year, 50% return in last 2-years, 94% return in last 3-years, and 41% in last 5-years.

ICRA Ltd Q4: The company's revenue from operations surged 16.4% to Rs 109 crore for the quarter under consideration against Rs 93.7 crore announced in the corresponding quarter of last fiscal. Meanwhile, the consolidated revenue from operations jumped 17.6% to Rs 403.2 crore for the year ended March 31, 2023 against Rs 342.8 crore declared in the preceding year. Its profit after tax soared 20.4% to Rs136.7 crore for the year ended March 31, 2023 against Rs 113.5 crore announced an year ago.

ICRA Ltd About: ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency. Today, ICRA and its subsidiaries together form the ICRA Group of Companies (Group ICRA). ICRA is a Public Limited Company, with its shares listed on the Bombay Stock Exchange and the National Stock Exchange, according to its official website.

Disclaimer: The mid cap company announced massive dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.