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NBCC Revises Interim Dividend Record Date

Written by: Team Angel OneUpdated on: Feb 4, 2025, 2:29 PM IST
NBCC (India) Ltd has revised the record date for its interim dividend to February 18, 2025, ahead of its Board Meeting on February 11, 2025.
NBCC Revises Interim Dividend Record Date
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NBCC (India) Ltd has revised the record date for its interim dividend. Initially set for February 14, 2025, the new date is now February 18, 2025. The decision to revise the record date comes ahead of the company’s Board Meeting on February 11, 2025, where the interim dividend will be considered and declared if approved.

Board Meeting

Along with deciding on the interim dividend, NBCC’s Board will also review the unaudited financial results for the quarter and nine months that ended December 31, 2024, in its February 11 meeting. The company’s financial performance for the December quarter will be an important factor in the dividend announcement.

What This Means for Shareholders

With the revised record date, shareholders now have until February 18, 2025, to be eligible for the interim dividend, subject to Board approval. The final decision will depend on the company’s financial standing, which will be disclosed in the upcoming results on February 11, 2025.

Financial Performance

NBCC reported a profit of ₹122.12 crore in Q2 FY25, marking a 53.43% increase from the same period last year. The company’s total revenue for the quarter stood at ₹2,458.73 crore, reflecting a 14.67% rise compared to the previous quarter.

Operating income recorded 9.13% quarter-on-quarter growth and surged 241.55% year-over-year. However, EPS for Q2 dropped by 37.26% year-on-year, which could be a factor for investors to consider.

Market Impact

Following the announcement, as of 11:56 AM today, on February 4, 2025, NBCC (India) Ltd was trading at ₹92.49, up 1.91% for the day. The stock has recorded a -11.76% return in the past week and a -0.62% return over six months, though its year-to-date performance remains up at 64.64%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 4, 2025, 2:29 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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