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Sanofi India, Paying 1930% Dividend, Will Turn Ex-Dividend Today
Sanofi India Limited is one of the entities through which Sanofi operates in India. It was incorporated in May 1956 under the name Hoechst Fedco Pharma Private Limited.
Sanofi India Limited is one of the entities through which Sanofi operates in India. It was incorporated in May 1956 under the name Hoechst Fedco Pharma Private Limited. Over the years, its name was changed to Hoechst Pharmaceuticals Private Limited, Hoechst India Limited, Hoechst Marion Roussel Limited and Aventis Pharma Limited.
Today, it employs more than 3,000 employees across India, according to its official website. The company has a market capitalization of Rs 14,805.99 crore at the time of writing the story. Key highlights below that investors should not miss:
1. Sanofi India To Pay 1930% Dividend
The Board of Directors of the Company at its Meeting held on July 26, 2022 has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022.
2. Sanofi India Stock Outlook
The current market price of the stock is Rs 6444.90 on BSE with a surge of 0.68%. The 52-week high is Rs 9300 apiece and 52-week low is Rs 6320 apiece. The stock has given a return of 50% in the last 5 years and 7% in last 3 years. It has fallen 26% in 1 year.
3. Sanofi India Q2 PAT Falls 32%
Net profit of Sanofi India fell 32.5% to Rs 120.40 crore for the quarter ended June 2022 as against Rs 178.30 crore recorded in the previous quarter ended June 2021. Meanwhile, the sales also fell 11.38% to Rs 699.30 crore in the quarter ended June 2022 as against Rs 789.10 crore during the previous quarter ended June 2021.
4. About Sanofi India
Sanofi, one of the world's leading healthcare companies, and its 100% subsidiary - Hoechst GmbH, are the major shareholders of Sanofi India Limited and together hold 60.4% of its paid-up share capital. The shares of Sanofi India Limited are quoted on the Bombay Stock Exchange (Security Code: 500674) and the National Stock Exchange (Security Code: Sanofi).
