Rs 18/Share Dividend: Healthcare Stock Sets Record Date, Q1 Net Profit Rises 50%

Board of mid cap company, Thyrocare Technologies Ltd today fixed August 16, 2024 as the record date for Rs 18/share dividend. Current market price of Thyrocare Technologies share on BSE is Rs 818.05 per share. Earlier last month, Thyrocare Technologies declared a rally of 50.33% in its quarterly net profit to Rs 25.15 crore for the quarter ended June 2024 as against Rs 16.73 crore declared in the corresponding quarter of last year.

Thyrocare Technologies Ltd shares rallied over 27% in last 2-weeks only after robust results. Thyrocare Technologies shares gave return of 39% in last 1-year. Check more details below:

Thyrocare Technologies Sets Record Date For Dividend: The exchange filing of Thyrocare Technologies issued as on August 1, 2024, "As already intimated vide our letter dated May 14, 2024, the Board of Directors at its meeting held on Tuesday May 14, 2024, have recommended a dividend of Rs 18/- per equity share of Rs 10/- each of the Company for approval by the shareholders at the Annual General Meeting ('AGM') scheduled to be held on August 23, 2024. The Company has fixed Friday, August 16, 2024, as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2024. If the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made on or before September 20, 2024."

Thyrocare Technologies Q1 Results: The healthcare sector company reported its net sales at Rs 143.63 crore for the quarter ended June 30, 2024 up 16.2% as compared to Rs. 123.61 crore in June 30, 2023. Its EBITDA stood at Rs 45.52 crore for June 2024 quarter, up 35.56% as against Rs. 33.58 crore in the corresponding quarter of las year. Thyrocare Technologies announced the EPS zoomed to Rs. 4.75 for June 2024 quarter from Rs. 3.16 in June 2023.

Thyrocare Technologies Share Performance: The 52-week high price of Thyrocare Technologies share on BSE is Rs 842.00 apiece (as on 01/08/2024) and 52-week low price is Rs 511.00 apiece (as on 26/10/2023), respectively. Its market capitalisation stood at Rs 4331.79 crore. Thyrocare Technologies Ltd shares surged 25% in last 1-month, gained 24% in last 2-years, and declined 37% in last 3-years. In last 5-years, Thyrocare Technologies stock surged 81%

Thyrocare Technologies Ltd About: Thyrocare is India's first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries. Thyrocare operates with a Centralized Processing Laboratory (CPL) in Mumbai - India for esoteric tests; and Regional Processing Laboratory in major metro cities of India and other parts of Asia, according to its official website.

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