Ambuja Cements Dividend 2024, Ambuja Cements Dividend 2024 Record Date: Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, on Wednesday, May 1, 2024, announced a record-setting standalone and consolidated financial results for Q4 and full year ended March 31, 2024. Along with this, the cement company has also announced monetary rewards for its shareholders.
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Ambuja Cements Dividend 2024
Ambuja Cements said that its board at the meeting has recommended a dividend of Rs 2 per share of the face value of Rs 2 each. “The Board has recommended Dividend of Rs. 2 (Rupees. two only ) per Equity Share of face value of Rs.2 each fully paid-up for the Financial Year 2023-24, subject to approval of shareholders of the Company,” said the company in a regulatory filing today.
Ambuja Cements Dividend 2024 Record Date
Ambuja Cements also informed the bourses record date for determining the eligibility of shareholders’ participation in the next dividend payment or upcoming corporate action. Ambuja Cements has fixed Friday, June 14, 2024, as the record date.
“…it is hereby informed that the Company has fixed Friday, 14th June 2024 as ‘Record Date’ for the purpose of determining entitlement of the members of the Company to receive Dividend of Rs. 2 (Rupees. two only) per Equity Share having face value of Rs.2/- each fully paid-up for the financial year 2023-24,” said the Adani Group company in the filing.
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Ambuja Cements Dividend 2024 Payment Date
The said Dividend, if declared by the shareholders at the ensuing AGM, shall be paid on or after July 1, 2024, subject to deduction of tax at source as applicable, the company added in the exchange filing.
Ambuja Cements Dividend History
Ambuja Cements Ltd has been consistently giving dividend to its investors for the last five year. In 2023, the company have Rs 2.50 final dividend, Rs 6.30 in 2022, Rs 1 in 2021. Ambuja Cements paid dividends twice in 2020 – Rs 1.50 in May and Rs 17 in Novembe, respectively.
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Ambuja Cements Q4 2024 Results
Ambuja Cements reported its record-setting standalone and consolidated financial results for Q4 and full year ended March 31, 2024. “This strong performance is driven by improved KPIs in all operational parameters,” said the company.
The company reported consolidated PAT (profit after tax) at 1,526 crore in Q4 FY24 against Rs 763 crore in Q4 FY23 and standalone PAT at Rs 532 crore in the quarter under review vs Rs 502 in Q4 FY23.
In Q4 FY24, consolidated revenue from operations came in at Rs 8,894 crore against in 7,966 crore in Q4 FY23.
Operating EBITDA came in at Rs 1,699 crore in the fourth quarter ended March 31, 2024 vs Rs 1,239 crore in the same quarter last year. The margins were at 19.1 per cent in Q4 FY24 vs 15.6 per cent in Q4 FY23, respectively.
Ambuja Cements Shares
Shares of Ambuja Cements Limited closed at Rs 619.70 on Tuesday, down 1.60 per cent from the previous close of Rs 629.80. The stock opened at Rs 636.55 while it hit an intra-day high of Rs 636.55 and low of Rs 616.40, respectively, according to BSE.
