Oct Dividend: Multibagger NBFC Stock Set To Declare Next Week, Record Date Out

Large cap company from the NBFC sector, Anand Rathi Wealth Ltd on Thursday announced that it will consider and approve interim dividend on equity share for the financial year 2023-24. The company will also consider, approve, and take on record its unaudited financial and consolidated results for second quarter and half year ended September 30, 2023. Last trading price of Anand Rathi Wealth share is Rs 1764.70 apiece on BSE. Anand Rathi Wealth shares soared 151% YTD and 165% in last 1-year. Check details here:

Anand Rathi Wealth To Consider Interim Dividend & Results: As per the BSE filing dated October 5, 2023, "This is with reference to our intimation dated October 03, 2023 and In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby informed that the Company has fixed Friday, 20th October, 2023, as the Records Date for the purpose of payment of Interim Dividend, if declared by the Board of Directors in their meeting scheduled to be held on October 12, 2023."

The company will hold a meeting on October 12, 2023 to consider and approve interim dividend and unaudited standalone and consolidated financial results of the Company for the Second quarter and half year ended September 30, 2023 after these results are reviewed by the Audit Committee of the Board, according to the exchange filing issued on October 4.

Dividend History: Anand Rathi Wealth announced 4 dividends since January 19, 2022. In the past 12 months, Anand Rathi Wealth Ltd. has declared an equity dividend amounting to Rs 12.00 per share. At the current share price of Rs 1775.05, this results in a dividend yield of 0.68%, according to Trendlyne data. Anand Rathi shares traded ex-dividend on May 29 for Rs 7.00 per share dividend.

Anand Rathi Wealth Shares Performance & Return: Last trading price of Anand Rathi Wealth stock on BSE is Rs 1764.70 apiece with intraday fall of 0.61%. Its 52-week high price is Rs 1798.25 per share and 52-week low price is Rs 654.00 per share, respectively. The company's market capitalisation is Rs 7365.90 crore. Anand Rathi Wealth shares gained 94% in last 3-months, soared 117% in last 6-months, jumped 151% YTD, and rallied 165% in last 1-year.

Anand Rathi Wealth Recent Quarterly Performance: The company for the quarter ended June 30, 2023 announced its net sales at Rs 175.03 crore, up 32.99% as against Rs 131.61 crore in June 2022. Its quarterly net profit jumped 33.65% at Rs 53.06 crore in June 2023 as compared to Rs 39.70 crore in June 2022. The company's EBITDDA stood at Rs 76.76 crore in June 2023, up 33.17% as against Rs 57.64 declared in June 2022. Its EPS soared to Rs 12.77 in June 2023 from Rs 9.54 in June 2022.

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