As per a stock exchange filing, Schaeffler India announced on Wednesday, April 23, 2025, as the record date for dividend payment to its shareholders. Post-approval from the Board of Directors, the company shall pay a dividend of ₹28 per share after 30 days from the date of the Annual General Meeting.
Investors planning to acquire dividend stocks must note record dates while executing their trades. Typically, on the record date, the company finalises the names of shareholders eligible for dividend payment.
In 2023, Schaeffler India underwent a stock split (5:1) and only issued a dividend of ₹16 apiece. However, in FY 2024-25, its expected dividend payout ratio is 45%, which is the third-highest in its history. In FY 2021-22 and FY 2022-23, the company had distributed ₹38 apiece and ₹35 apiece as dividends to its shareholders.
The company’s net revenue from operations recorded a YoY growth of 12.2%, amounting to ₹20,823 million. Its profit before tax (PBT) and exceptional items also recorded a YoY growth of 12.7%, amounting to ₹3,387 million. Its PBT margin also grew by 16.2% YoY and recorded a QoQ growth of 16.1%. The company earned net profits worth ₹2,493 million.
Total revenue from operations recorded a YoY growth of 11.8% and amounted to ₹80,763 million. PBT margin for the year stood at 16.3%, which was a decline from 17.0% in FY 2023-24. While PBT (before adjusting exceptional items) surged by 7.3% YoY to reach 13,175 million, net profit margin declined to 12.1% from 12.6% last year.
In 2024, the company earned net profits worth ₹9,777 million.
The announcement of dividend payout has become a positive news for the company’s shareholders. If you want to earn cash rewards in the form of dividends, make sure to acquire the equity shares of Schaeffler before April 23, 2025.
Schaeffler India share price opened at ₹3,267.30 on Tuesday morning at 9.15 AM and closed at ₹3237.55 at 3.30 PM. It recorded an intraday decline of 1.26%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 11, 2025, 8:22 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates