Tata Steel shares jump on Monday on Monday
Tata Steel, the metal company of Tata Group, released financial results for the fourth quarter on Monday. Tata Steel said that his integrated net profit in the fourth quarter of FY 2024-25 increased by more than double (more than 100 percent) to Rs 1200.88 crore. Let us tell you that earlier, the company’s net profit in the fourth quarter of FY 2023-24 was Rs 554.56 crore. In the fourth quarter of the last financial year, the company’s total income decreased to Rs 56,679.11 crore. The company’s income was Rs 58,863.22 crore in the same quarter of the previous financial year.
Tata Steel shares jump on Monday on Monday
During this period, Tata Steel reduced its expenses to Rs 56,496.88 crore to Rs 54,167.61 crore on an annual basis. The company recorded a total net profit of Rs 3173.78 crore in the entire financial year 2024-25. In the last financial year, the company suffered a loss of Rs 4909.61 crore. Let us tell you that today there was a great rise in the company’s shares. Tata Steel shares reached BSE at Rs 151.55 with a rage of 6.16% (Rs 8.80) today. Let us tell you that 52 weeks of Tata Steel shares are Rs 184.60 and 52 week is Rs 122.60.
Announcement of dividend of Rs 3.60 on each share for shareholders
The Board of Director of the company has recommended a dividend of Rs 3.60 (360 percent) on each stock with a face value of Rs 1 for the financial year 2024-25. Tata Steel said that the payment of dividend in the company’s AGM to be held on July 2 can be approved. If the approval for the dividend is received, then by July 7, the dividend money will be transferred to the bank account of the shareholders. Tata Group’s metal company has fixed a record date on Friday, June 6 for this dividend of Rs 3.60. Dividend will not get the benefit on new stocks to be purchased on 6 June.
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