Transport Corporation declares interim dividend of 125% for FY23; stock tanks ~5%

31 Oct 2022 , 11:57 AM

Transport Corporation Limited informed that the board of directors has declared an interim dividend of 125% for FY 2022-23. The company has announced a dividend of Rs2.5 per share for every equity share of Rs2 each to the shareholders whose names appear on the Register of Members on the on the record date.

The company has fixed November 5, 2022, as the record date for such purpose, in due consultation with the stock exchanges.

The company will complete the payment of the dividend/dispatch of warrants within 30 days of the declaration of the interim dividend i.e., on or before November 28, 2022.

The company also announced its results for the quarter ended September 30, 2022, and H1FY23. It logged consolidated revenue of Rs1,836 crore in H1FY23, up by 21% yoy. The company’s PAT for the period jumped to Rs151 crore against Rs124 crore in H1FY22.

At around 12.07 PM, Transport Corporation was trading at Rs713 down by 5.09% from its previous closing of Rs751.20 on the BSE. The scrip touched intraday high and low of Rs735.80 and Rs708.25 respectively.

For feedback and suggestions, write to us at [e-mail]