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TVS Motor on Thursday informed after the stock market closed that the company has declared an interim dividend of Rs 10 per share for the financial year 2025. The company said that March 26 has been fixed as the record date for the dividend. The company said in the exchange filing, "The board of the company in its meeting held today has declared an interim dividend of Rs 10 per share (1000%) for the financial year ending March 31, 2025, in which an amount of Rs 475 crore will be spent on fully paid up 47,50,87,114 equity shares. Earlier on February 27, 2024, the company had announced an interim dividend of Rs 8 per share.
The company said that the dividend will be paid within a period of 30 days from the declaration of interim dividend. In the quarter ended December 2024, the company's profit grew by 4.2 per cent to Rs 618 crore as against Rs 593 crore in the same quarter a year ago. During this period, the company's income grew by 10 per cent to Rs 9,097 crore as against Rs 8,245 crore in the same quarter a year ago. Stock performance On Thursday, the company's stock closed 1 per cent higher at Rs 2,343. In the last one year, the company's stock has seen a gain of 15.14 per cent. The 52-week high of the stock is Rs 2,958.
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