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Dividend Dialed Up—Axtel’s Rs 6/Share Reward Signals Financial Strength

Updated: July 16, 2025 18:30

Image Source : CNBC TV18
Axtel Industries Ltd has declared an interim dividend of Rs 6 per equity share (60% on face value of Rs 10) for FY2023–24, rewarding shareholders amid strong operational momentum. The announcement was made during the board meeting held on March 9, 2024.
 
Key Highlights:
  • The dividend will be paid in cash from earnings, reflecting the company’s robust financial health
  • March 20, 2024 has been set as both the record date and exdividend date for eligibility
  • The dividend yield stands at approximately 1.10%, based on the share price of Rs 616.35 as of March 18
Performance Context:
  • Axtel shares have delivered multibagger returns of 147% over the past year
  • The company has consistently paid dividends over the last five years, with Rs 3 per share declared in 2023
  • Market cap stands at Rs 995.70 crore, with a 52week range of Rs 234 to Rs 850.30
Sources: ET Now, Economic Times, Goodreturns, Moneycontrol.

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