Rs 2.50/Sh Dividend: Kirloskar Ferrous Declares Record Date, AGM Date Set

Kirloskar Ferrous Industries Ltd shares slipped 9.91% in last 1-month and rallied 170% in last 2-years. Last trading price of Kirloskar Ferrous Industries shares on BSE is Rs 687.55 per share. Kirloskar Ferrous today set September 13, 2024 as the record date for final dividend of Rs 2.50 per equity share of Rs 5 each for the financial year 2023-24. The company has a market capitalisation of Rs 9,588.79 crore. Check details below:

Kirloskar Ferrous Sets Record Date For Final Dividend: As per the regulatory filing of Kirloskar Ferrous dated August 31, 2024, "the Board of Directors at its meeting held on 9 August 2024 has recommended the Final Dividend of Rs 2.50 per equity share of Rs 5 each (i.e. 50 percent) for the financial year 2023-2024 for the approval of the Members at the AGM. The Record Date has been fixed as Friday, 13 September 2024 to ascertain the list of Members entitled to receive the Final Dividend."

Kirloskar Ferrous Industries Shares Performance: The 52-week high price of Kirloskar Ferrous Industries shares on BSE is Rs 830.00 apiece (as on 29/07/2024) and 52-week low price is Rs 400.00 apiece (as on 26/10/2023), respectively. Kirloskar Ferrous Industries shares offered return of 30% in last 6-months, gained 44% in last 1-year, zoomed 178% in last 3-years, and gave stunning returns of 987% in last 5-years.

Kirloskar Ferrous To Hold AGM Next Month: The BSE filing stated, "33rd Annual General Meeting ('AGM') of the Members of Kirloskar Ferrous Industries Limited ('the Company') will be held on Tuesday, 24 September 2024 at 11:00 a.m. (IST)."

Kirloskar Financials: The company for Q1 of FY25 declared its revenue from operations at Rs 1558.96 crore, up 3.4% as against Rs 1508 crore in Q1 FY2024. The net profit of Kirloskar Ferrous stood at Rs 28.54 crore, down 29.5% as compared to Rs 40.46 crore in the similar quarter of last year.

About: Kirloskar Ferrous Industries Limited was incorporated in 1991 and has two manufacturing plants. Initially Kirloskar Ferrous Industries Limited was formed with one manufacturing unit at Koppal District, Karnataka. Subsequently, in the year 2007, Shivaji Works Limited located at Solapur, Maharashtra was acquired by Kirloskar Ferrous. Kirloskar Ferrous Industries is one of the fastest growing companies in the business, with its core products being Pig Iron, Grey Iron Castings and S. G Iron Castings. Its innovative solutions power the automotive industry, infrastructure and construction, agriculture sector and steel plants, according to its LinkedIn page.

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