with a market valuation of 24,962.74 crores, Atul Limited is a large-cap company in the chemical industry. The company is an integrated chemical corporation that serves approximately 4,000 customers in 30 different regions worldwide. Atul is one of the leading integrated chemical firms in India. Along with releasing its Q2 results, the company also announced a special interim dividend for its shareholders 7.50 per share.
The company in a stock exchange filing said that “The Board of Directors of the company has approved and declared a special interim dividend of Rs. 7.50/- (seven and a half paise) per equity share to commemorate the 75th anniversary of the incorporation of the company. Further, as per Regulation 42 of SEBI LODR, November 03, 2022 has been fixed as the record date for ascertaining the eligibility of shareholders for receiving special interim dividend. The date of payment of interim dividend shall be on or after November 09, 2022.”
On Friday, the company informed the stock exchanges saying that “as per Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015, the record for ascertaining the eligibility of shareholders to obtain the Special Interim on 03rd November, 2022 The date has been fixed as. The Board declared the dividend in the meeting held today.”
On a standalone basis, the company reported a net profit of As compared to 168.30 crores in Q2FY23 148.82 crore in Q2FY22 represents a year-on-year growth of 13%. The company reported total income of 1,427.29 crores in Q2FY23 as compared to 1,241.22 crore in Q2FY22 represents a year-on-year growth of 15%. Company reported total expenses 1,207.54 crores as compared to Q2FY23 1,043.72 crore in Q2FY22 representing a year-on-year growth of 15.69%. Company reported profit before tax (PBT) 219.75 crore in Q2FY23 as compared to 197.50 crore in Q2FY22 represents a year-on-year growth of 11.26%.
The closing price of the shares of Atul Limited on Friday was 8,474.00 per piece, which was 2.10% lower than the previous close 8,655.95. In contrast to the 20-day average volume of 34,407 shares, the total volume of stocks on Friday stood at 97,302 shares. The stock’s multibagger return for the last five years was 258.36%, and for the last three years it was 100.09%. The stock is down 12.18% over the past year, and on a year-over-year basis, is down 6.29% so far in 2022. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 45.06%, FII of 9.20%, DII of 23.41% and public shareholding of 22.32 per cent.
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