Redtape Limited’s Board of Directors has declared and approved an interim dividend of ₹2 (100%) per equity share of face value ₹2 each for the financial year 2024-25.
On January 1, 2025, Redtape share price opened at ₹877.85 and closed at ₹879.80. The stock touched its day’s high at ₹880.00 on the NSE.
As per the company’s communication dated December 20, 2024, and in accordance with Regulation 42 of the Listing Regulations, Friday, January 3, 2025, has been set as the record date to determine the eligibility of members for the dividend payout.
For Q2 FY2025, Redtape Limited reported a total income of ₹41,916 lakh, a significant increase from ₹32,711 lakh in Q2 FY2024. However, the profit for the quarter slightly declined to ₹2,507 lakh compared to ₹2,774 lakh during the same period last year.
In H1 FY2025, the company recorded a total income of ₹72,295 lakh, up from ₹36,340 lakh in H1 FY2024, showcasing consistent growth. However, the profit for H1 FY2025 fell to ₹5,571 lakh from ₹7,347 lakh in H1 FY2024.
Redtape has established itself as a leading brand in footwear and clothing for men, women, and kids. It has become a comprehensive family fashion destination, offering the finest international styles and world-class quality in shoes, apparel, and accessories for all age groups. The brand was demerged from Mirza International in 2023.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 2, 2025, 9:18 AM IST
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