VTM, a leading player in the Indian textile industry, has declared a dividend of ₹0.25 per share, with the record date set for January 10, 2025. The announcement was made on December 18, 2024, and the Ex-Date is also January 10, 2025.
VTM has regularly announced dividends in recent years, rewarding its shareholders. On May 23, 2024, the company declared a final dividend of ₹0.75 per share, with the Ex-Dividend Date set for July 11, 2024.
In 2023, an interim dividend of ₹0.25 per share was announced on November 10, with the Ex-Date on November 30. Earlier in 2023, on May 4, the company declared a final dividend of ₹0.70 per share, with the Ex-Date on June 22. VTM had also declared a final dividend of ₹0.90 per share on April 25, 2022, with the Ex-Date on June 16, 2022.
The company’s 2021 final dividend was ₹0.60 per share, announced on April 29, with the Ex-Date on June 10. Additionally, in 2020, VTM declared an interim dividend of ₹0.90 per share on February 12, with the Ex-Date on February 25.
In the Q2 FY25 (September 2024) results, VTM Limited posted impressive growth when compared to the same quarter last year (September 2023). Total revenue for Q2 FY25 stood at ₹73.17 crore, which is a significant increase from ₹47.24 crore in Q2 FY24, representing a growth of 54.92%.
Operating profit surged to ₹11.03 crore, up by 83.93% from ₹5.72 crore in the previous year. Profit after tax (PAT) also showed remarkable growth, rising by 86.71% to ₹9.77 crore compared to ₹5.04 crore in Q2 FY24.
The operating margin for Q2 FY25 improved to 15.08%, a sharp rise from 12.10% in the same quarter of the previous year. Additionally, the earnings per share (EPS) grew to ₹2.43 in Q2 FY25, up from ₹1.25 in Q2 FY24. These results reflect strong operational efficiency and robust growth in revenues and profitability for VTM.
VTM Limited, established in 1946, is a leading player in the Indian textile industry, specialising in weaving and spinning. With over six decades of expertise, the company produces high-quality fabric for both export and domestic markets. VTM manufactures complex fabrics, including special weaves and combinations.
As a part of the renowned Thiagarajar Group, VTM is recognised for its innovation and quality standards in the textile sector. The company’s infrastructure includes 258 looms, producing 1.8 million meters of fabric monthly.
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Published on: Jan 9, 2025, 9:15 AM IST
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