PDS board approves interim dividend of Rs2.50 per share

7 Nov 2022 , 03:10 PM

PDS Limited has informed that the Board of Directors of the Company on Monday has approved an Interim Dividend of Rd2.50 per share.

The Company adopted a dividend distribution policy in FY2021. As per this policy, the endeavor of the Company would be to declare a Dividend of at least 25% of the profit after tax in a given year to the shareholders. The record date for determining the entitlement of shareholders for the Interim Dividend has been fixed as November 18, 2022.

The Company reported its first half of FY2022-23 financial results on November 02, 2022. The consolidated Revenue from Operations of the Company increased by 38% to Rs5,262 crore and EBITDA increased by 62% to Rs192 crore.

The Profit After Tax stood at Rs157 crore with a basic EPS of Rs10.03 in the first half of FY2022-23. The Company has announced 25% EPS as a dividend translating into a payout of 125% of the Rs2 per share face value of the equity shares of the Company.

The Company had declared dividends consistently for the last two years, with Rs4.77 per share and Rs3.15 per share declared in FY22 and FY21 respectively (Adjusted for the stock split of the face value from Rs10 per share to Rs5 per share; pre-split the dividend was Rs23.85per share and 15.75 per share for the respective periods mentioned above).

At around 3:05 PM, PDS was trading at Rs352 per share lower by 4.32% on the BSE.

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