In today’s trading session, Samvardhana Motherson shares have made a positive start, opening at ₹129.99 on the NSE. Shortly after the market opened, the stock reached an intraday high of ₹131.37. This surge comes as anticipation builds around an upcoming board meeting set for March 21, 2025, where the directors will evaluate a proposal for an interim dividend for the financial year 2024-25.
Upcoming Board Meeting to Discuss Interim Dividend
The company has officially notified the Indian stock exchanges of the board meeting, where crucial discussions will take place. The announcement stated, “A meeting of the Board of Directors is scheduled for Friday, March 21, 2025, at short notice, primarily to deliberate on the declaration of an interim dividend for the equity shareholders for the financial year 2024-25.”
Dividend History and Expectations
If approved, this would mark Samvardhana Motherson’s first dividend announcement for the fiscal year 2025. The last update on dividends occurred on August 14, 2024, when the stock traded ex-dividend before distributing a final dividend of ₹0.80 per share to eligible shareholders.
Financial Performance Highlights for Q3FY25
In its recent report for Q3FY25, Samvardhana Motherson showcased impressive financial growth, with a 7.66% increase in revenue year-over-year. Profits surged by a remarkable 62.12%, totaling ₹878.63 crore, while overall revenue reached ₹27,665.92 crore.
- Quarterly comparisons reveal:
- Revenue dipped slightly by 0.52% compared to the previous quarter.
- Profit saw a minimal decrease of 0.13%.
- Selling, general, and administrative expenses increased 3.39% quarter-on-quarter and 17.33% year-over-year.
Strong Operational Performance
Despite minor fluctuations in revenue and profit from the previous quarter, the company’s operational efficiency remains robust. Operating income rose significantly, with an increase of 16.98% quarter-on-quarter and 16.35% year-on-year. Notably, the earnings per share (EPS) for Q3 stood at ₹1.25, reflecting an impressive 56.25% growth year-over-year.
As Samvardhana Motherson prepares for its board meeting, stakeholders will be keenly watching the developments regarding the interim dividend and the company’s ongoing financial health. This could be an exciting time for investors as the company showcases resilience and growth in a competitive market landscape.
