Jupiter Wagons Limited has revealed its consolidated net profit for the quarter ending March 31, 2024, along with announcing a final dividend of 3 percent to its shareholders for the fiscal year 2023-24. Dividends serve as a company’s appreciation to its investors for their contributions to the business, typically paid in cash from profits.
Jupiter Wagons Limited announced its dividend for 2024, which is calculated based on the face value of each stock. With a 3 percent dividend, this amounts to Rs 0.30 per equity share with a face value of Rs 10 each for the fiscal year 2023-24. “The Board of Directors is proposing a final dividend of Rs 0.30 per share with a face value of Rs 10 each,” stated the company in an exchange filing.
Jupiter Wagons Limited has yet to disclose the ex-date, record date, and payment date for the final dividend of FY24.
The shares of Jupiter Wagons Limited saw a rise of over 2 percent on Wednesday, opening at Rs 414.65 compared to the previous close of Rs 405.20. By 11:50 am, the stock was trading at Rs 410 per share, up by Rs 4.80 or 1.18 percent, as per NSE data. During this time, over 20.35 million shares changed hands.
Jupiter Wagons, part of the S&P BSE 500 index, witnessed significant growth according to BSE analytics (as of May 8). Year-to-date, the company’s shares rose by more than 28 percent. Over the past 1, 2, 3, 5, and 10 years, Jupiter Wagons Limited’s stock surged by 275.79 percent, 672.48 percent, 2303.52 percent, 2121.14 percent, and 2839.74 percent, respectively.
In the current year, Jupiter Wagons Limited paid a dividend of Re 0.3 in February. In the previous year, the company declared a dividend of Re 0.5 in September.
Jupiter Wagons Limited (JWL) offers a wide range of mobility solutions, including Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coaches, Commercial Vehicles, ISO Marine Containers, and various products like Couplers, Draft Gears, Bogies, and CMS Crossings. With manufacturing facilities in Kolkata, Jamshedpur, Indore, and Jabalpur, JWL ensures full backward integration to its foundry operations.
(Disclaimer: The preceding article serves solely for informational purposes and does not constitute investment advice. THE DAILY GUARDIAN recommends that its readers/audience seek guidance from their financial advisors before making any financial decisions.)