Re 0.20/Sh Dividend: Textile Stock Sets Sept 20 As Record Date, Shares Rise 10.8%

Filatex India Ltd today fixed September 20, 2024 as the record date for Re 0.20/share dividend. Current market price of Filatex India shares on BSE is Rs 65.18 per share. Filatex India shares gained over 10% in last 2-weeks. The company's market capitalisation stood at Rs 2893.05 crore. Check details below:

Filatex India Sets Record Date For Dividend: As per the regulatory filing of Filatex India Ltd dated August 30, 2024, "the Company has fixed Friday, 20th September, 2024 as the Record Date for the purpose of determining entitlement of the Members for payment of Dividend of Rs. 0.20 (Twenty Paisa) per share. Payment of dividend is subject to the approval of the shareholders of the Company in the 34th Annual General Meeting."

Filatex India Shares Performance: The 52-week high price of Filatex India shares on BSE is Rs 78.00 per share (as on 28/02/2024) and 52-week low price is Rs 43.70 per share (as on 22/09/2023), respectively. Filatex India shares offered return of 22% in last 3-months, fell 10% in last 6-months, surged more than 33% year-to-date (YTD), and offered return of 32% in last 1-year. In last 2-years, Filatex India shares surged 16% and 40% in last 3-years.

Filatex India To Hold AGM On Sept 27: The exchange filing added, "We wish to inform you that the 34th Annual General Meeting of the Company will be held on Friday, 27th September, 2024 at 4.00 P.M. through Video Conferencing ("VC")/ Other Audio Friday, 27th September, 2024 at 4.00 P.M. through Video Conferencing ("VC")/ Other Audio"

Filatex Financials: The company reported its net sales for the quarter ended June 2024 at Rs 1,054.34 crore, down 1.4% as against Rs. 1,069.27 crore reported in the corresponding quarter of last year. Its quarterly net profit for the June 2024 quarter declared at Rs. 32.29 crore, up 83.26% as compared to Rs 17.62 crore in similar quarter of last year. EBITDA stood at Rs. 67.42 crore in June 2024, up 38.07% as compared to Rs. 48.83 crore in June 2023. Filatex India EPS has jumped to Rs. 0.73 in June 2024 from Rs. 0.40 in June 2023

About: Incorporated in 1990, Filatex India Ltd. has emerged as one of the top five manufacturers of Polyester Filament Yarn in India. Starting with chips to yarn, Filatex has moved to latest technology Melt to Yarns. We are a customer-focused organisation with state of art technology and stringent quality measures, according to its LinkedIn page.

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