Specialty Chemicals Stock Approves Rs 5/Share Dividend, Q3 Net Soars 39.69%

Shares of Elantas Beck India Ltd witnessed a decline of 0.59% intraday to settle at Rs 8450.20 apiece on BSE. The Board of Directors of Elantas Beck approved final dividend of Rs 5/- per fully paid up equity shares of Rs 10/- each for the financial year ended December 31, 2023. Elantas Beck shares offered shareholders return of 10% in last 6-months and 90% in last 1-year. Check details below:

Elantas Beck Approves Final Dividend: As per the BSE filing of the company dated February 20, 2024, "Recommended a final dividend of Rs. 5/- per fully paid-up equity shares of Rs. 10/- each (face value) i.e. for the financial year ended 31st December,2023, subject to deduction of tax, as applicable and approval of Members at the ensuing sixty-eighth Annual General Meeting."

Elantas Beck Quarterly Results: The company for the quarter ended December 31, 2023 declared its revenue from operations at Rs 173.83 crore as against Rs 164.62 crore declared in the corresponding quarter of last year. Total income of the company for December 2023 quarter announced at Rs 190.65 crore from Rs 172.28 crore announced in the similar quarter of last year. Total expenses for the quarter under review declared at Rs 141.54 crore as compared to Rs 139.09 crore in the December 2022.

The net profit for December 2023 quarter announced at Rs 36.99 crore from Rs 26.48 crore in December 2022. The EPS of the company zoomed to Rs 46.67 in December 2023 from Rs 33.41 in December 2022.

Elantas Beck Shares Performance & Return: The 52-week high price of Elantas Beck shares on BSE is Rs 8674.95 apiece and 52-week low price is Rs 4449.45 apiece, respectively. The company's market cap is Rs 6699.05 crore. Elantas Beck shares rallied 140% in last 2-years and 196% in last 3-years.

About: Elantas Beck India Limited manufactures a wide range of speciality chemicals in the electrical insulation and construction industries. Elantas Beck India Limited is part of ALTANA, an international speciality chemicals group. In 2016, ELANTAS Beck India completed 60 years of operations in India. The company manufactures a wide range of speciality chemicals in the electrical insulation and construction industries. In pursuit of ALTANA's global commitment, ELANTAS Beck India develops new products and processes to meet the changing needs of customers. ELANTAS Beck India Ltd. utilizes its strengths effectively to be a partner in our customers' success.

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