Hatsun Agro declares interim dividend of Rs6 for FY23; stock skids ~2%

20 Jul 2022 , 12:11 PM

Hatsun Agro Limited informed that the board of directors of the company in its meeting held on July 19, 2022, approved the interim dividend for FY 2022-23.

The company declares an interim dividend of Rs6 per equity share (600%) on the fully paid-up equity shares of the face value of Rs1 per share.

This is the first interim dividend declared by the company for the financial year 2022-23.

For the purposes of interim dividend, the company has fixed July 27, 2022, as the record date for payment. The company intends to pay dividends on or before August 18, 2022.

The company reported a 31% jump in its revenue for Q1FY23 at Rs2,015 crore. However, Profit for the quarter under review dipped by 12% at Rs52 crore.

At around 12.15 PM, Hatsun Agro was trading at Rs937.50 per piece, down by 1.45% from its previous closing of Rs951.30 on the BSE. The scrip hit an intraday high and low of Rs964.95 and Rs930.80 respectively.