Board Of 1 Midcap & 1 Smallcap Companies Disclose Interim Dividends, Record Dates: Buy?

Board of 1 Midcap & 1 Smallcap stocks declared sharp dividends today, after their board meetings on November 14. The companies have also fixed the record dates for the dividends, share prices rallied following the news.

Diamines And Chemicals Ltd.

Diamines And Chemicals Ltd. today declared its first interim Equity Dividend Rs. 3 (30%) per equity share of the face value of Rs. 10 each for the Financial Year 2022-23. The company has fixed November 24, 2022 as the record date for its dividend payment. The share price of Diamines And Chemicals Ltd. closed at Rs. 499, up by 5% today.

Quarterly Earnings

The company's revenue from operations in Q2 FY23 stood at Rs. 2,697.85 lakh, increased from Rs. 2,302.18 lakh in the last quarter. Additionally, its total income in Q2 FY23 stood at Rs. 2,763.55 lakh, from Rs. 2,358.50 lakh in the earlier quarter, the company informed today. Similarly, its profit before tax in Q2 FY23 fell to Rs. 1,656.96 lakh, from Rs. 1,479.50 lakh in Q1 FY23.

Hinduja Global Solutions Ltd.

Hinduja Global Solutions Ltd. declared a second interim dividend of Rs. 5 per share (50% of Face Value of Rs. 10 each) for the Financial Year 2022-23. The company has fixed Thursday, December 08, 2022 as the record date for payment of this interim dividend. The said dividend of Rs. 5 per share shall be paid to the eligible Members of the Company within 30 days from the date of declaration. The share price of Hinduja Global closed at Rs. 1,296, up by 3.39% today.

Quarterly Earnings

The company's revenue from operations in Q2 FY23 stood at Rs. 33,453.60 lakh, up from Rs. 30,970.50 lakh in the last quarter. Additionally, its total income in Q2 FY23 stood at Rs. 44,893.96 lakh, from Rs. 46,610.15 lakh in the earlier quarter, the company informed today. Similarly, its profit before tax in Q2 FY23 fell to Rs. 2,951.41 lakh, from Rs. 8,772.43 lakh in Q1 FY23.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.