Midcap Auto Sector Stock Declares 500% Interim Dividend, Check Record Date

TVS Motor Company Ltd, today, 24 January 2023 announced the Q3 FY23 results. The company also declared the interim dividend. For the quarter that ended December 31, 2022, the company reported a 22.1% year-over-year (YoY) rise in net profit at Rs 352 crore. In the same quarter of the previous fiscal year, the company had reported a net profit of Rs 288.3 crore. The company also announced an interim dividend of Rs 5 per share of Rs 1 each fully paid up for the FY2022-23. Check the details below:

TVS Motor Dividend

TVS Motor in its Regulatory filing has said, "The board of directors of the Company at its meeting held today, declared an interim dividend of Rs. 5/- per share (500%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of Rs. 238 Cr, for the financial year ending 31st March 2023. The interim dividend declared will be paid on or after 9th February 2023, to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 2nd February 2023, being the Record Date fixed by the Company for this purpose."

TVS Motor Stock Outlook & Performance

The stock of TV Motor  last traded at Rs 983.85 apiece on NSE. It gained 0.22% as compared to its previous close of Rs 981.70 apiece. The stock touched its 52 week high on 19 October 2022 at Rs 1,176.90 apiece and 52 week low on 7 March 2022 at Rs 513 apiece, respectively.
The stock has fallen 0.28% in the past 1 week, 2.64% in the past 1 month and 14.16% in the past 3 months, respectively. It gained 60.71% in the past 1 year. In 3 years it gained a maximum 109.82%. In the 5 years, it gained 39.22%.

About The TVS Motor Company

TVS Motor Company is a leading India's Auto Sector company based in Tamil Nadu. The company is engaged in the manufacturing of two-wheelers and their accessories. It currently manufactures a wide range of two-wheelers and three-wheelers. The company offers a large range of two-wheelers, starting from mopeds to scooters, commuter motorcycles to well known racing bike range Apache. South Africa, Argentina, and Sri Lanka are just a few of the 80 nations in which TVS operates.

Disclaimer

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