• Nestle India's fourth quarter profit after tax is expected to rise 57.2 percent year-on-year to Rs 608 crore, while a quarter-on-quarter decline of 9.1 percent
Shree Cement, Maan Aluminium, Chambal Fertilizers and Kothari Sugars are among the stocks which will trade ex-dividend on Thursday. Nestle India will announce its December quarter (Q4FY23) results later in the day.
When a company changes ex-dividend on a particular date, its stock no longer has value for the next dividend payment. Typically, an ex-dividend date is set a day or two before the record date.
Shree Cement: Shares of the cement manufacturing company will turn ex-dividend on Thursday. The company had declared an interim dividend of ₹45 per equity share. The record date for the same is February 16 and the dividend will be paid on March 1.
Shares of Shree Cement were trading 0.095 per cent higher at Rs 24,901.40 on the BSE in Thursday's trade. Shree Cement is a Large-cap firm with a market capitalization of ₹88,809 Crore.
Chambal Fertilizers: Shares of the agrochemicals manufacturing company will turn ex-dividend on Thursday. The company had declared an interim dividend of ₹4.50 per equity share. The record date for the same is Thursday and the dividend will be paid on March 5.
Shares of Chambal Fertilizers were trading at ₹298.95 per scrip, down 0.033% on the BSE in today's trade. Chambal Fertilizers is a Mid-Cap firm with a market capitalization of ₹12,490 Crore.
Mann Aluminium: The shares of the company will also turn ex-dividend on February 16. The firm had declared an interim dividend of Re 1 per equity share. The record date for the same is Thursday and the dividend will be paid on March 4.
Kothari Sugars: The Distilleries Company had declared an interim dividend of Rs 0.50 per share. Today is the record date for the same and the stock will trade ex-dividend on February 16.
Nestle's Q4 revenue may rise up to 17% YoY
Meanwhile, Nestle India is expected to report 17.5 per cent year-on-year growth in revenue at ₹4,394 crore in the December quarter. The company is scheduled to announce its financial results on Thursday.
Meanwhile, profit after tax is likely to grow 57.2 percent year-on-year to ₹608 crore, a quarter-on-quarter decline of 9.1 percent from ₹668 crore in the same period last year.
The brokerage expects Ebitda margin to decline by 186 basis points to 21.5 per cent in the fourth quarter from 23.4 per cent in the year-ago period.
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