Basmati rice selling Fesam brand Daawat’s parent company LT Foods has given good news to its investors! The company has announced the fourth interim dividend for FY 2024-25. Every share with a face value of 1 rupee will get a dividend of 50 paise (50%). For this, a record date has been set on 4 February 2025 (Tuesday). That is, till this date, those who will have shares of the company will be entitled to this dividend. Dividend will be paid within 30 days.
Shock to shareholders: 8% fall in shares
Amidst the news of the dividend, LT Foods shares saw a decline on Monday. The stock was trading at Rs 379.55 until the market was closed, which is 4.96% less than the previous day’s Rs 399.35.
Quarterly Results: Mixed Performance
LT Foods have released the results of the third quarter (Q3Fy25).
Revenue: Rs 2275 crore with a gain of 17.2%, Rs 1942 crore last year.
Pure profit (PAT): 4.7% decline, Rs 145.38 crore this year, while last year Rs 152.6 crore.
Ebitda: 4.7% gained Rs 249.7 crore, but Ebitda margin has come down to 11% (12.3% last year).
Talk about the dividend, the company also gave an interim dividend of 50 paise per share in November 2024.