Published on 19/05/2025 01:20 PM
Zydus Wellness Q4 Results: Net profit, revenue rise; announces stock split, dividendApart from earnings, Zydus Wellness has also announced a stock split and dividend. The board has approved the stock split in the ratio of 1:5, which means that one equity share of the company, which currently carries a face value of ₹10, will now turn into five equity shares with a face value of ₹2 each. Additionally, the board has approved a final dividend of ₹6 per share.By Meghna Sen May 19, 2025, 1:20:26 PM IST (Updated)2 Min ReadShares of Zydus Wellness Ltd. were trading with gains of 2% on Monday, May 19, following the Ahmedabad-headquartered company's March quarter earnings announcement, which were higher on a year-on-year basis.
The company reported a 15% surge in its net profit at ₹172 crore for the fourth quarter. It had reported a net profit of ₹150 crore during the same period last year.
Revenue for the quarter increased 17% to ₹913 crore, compared to ₹783 crore last year.
Zydus Wellness' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 17% on a year-on-year basis to ₹190 crore, while margin expanded by basis points to 20.80% from 20.73% in the year-ago quarter.
Apart from the financial results, the company has also announced a stock split and dividend.
The board has approved the stock split in the ratio of 1:5, which means that one equity share of the company, which currently carries a face value of ₹10, will now turn into five equity shares with a face value of ₹2 each.
This stock split will be subject to approval from shareholders at the ensuing Annual General Meeting (AGM) of the company, and the record date will then be fixed in the coming days.
This is also the first instance of the company announcing a division of its equity shares.
Additionally, the board of the company has approved a final dividend of ₹6 per share, which will also be subject to approval of shareholders at the upcoming AGM.
The company's board has fixed July 30, 2025 as the date for its AGM.
At present, shares of Zydus Wellness are trading 1.4% higher following the earnings announcement at ₹1,854. The stock has risen nearly 7% in the last one month.Continue ReadingFirst Published: May 19, 2025 1:12 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsDividend stocksStock SplitZydus Wellness