Multibagger stock The Yamuna Syndicate Ltd will declare an ex-dividend on Friday, August 23. The corporation trades and markets tractors, industrial lubricants, automobiles, batteries, electronics, pesticides and fertilizers, and sugar. It also runs petrol stations.
The Yamuna Syndicate had previously stated that August 23 would be used as the record date for determining members' entitlement to a dividend of Rs 400 per equity share of Rs 100 each, as recommended by the board of directors for the fiscal year ending March 31, 2024, subject to Member approval at the AGM.
The company's 70th AGM will be held on Friday, August 30, 2024, at 11 a.m. (IST) via video conferencing (VC) or other audio-visual means (OAVM).
The Yamuna Syndicate announced a dividend of Rs 325 per share in 2023 and Rs 200 in 2022.
On Thursday, the scrip finished at Rs 56,175 on the BSE, up 5%. The multibagger stock has grown 129 percent in 2024, 221 percent in one year, and 340 percent in the last two years.
The Yamuna Syndicate recorded a revenue of Rs 19.34 crore in the June 2024 quarter. This was down from Rs 21.36 crore a year ago. Profit increased by 7.52 percent, to Rs 71.5 lakh from Rs 66.50 lakh. Operating profit increased to Rs 98.1 lakh from Rs 92.50 lakh in the same period the previous year.
The Yamuna Syndicate Ltd has been a key franchisee of Amara Raja Batteries since 2001, and it distributes the well-known AMARON car battery brand. The company's retail shop, licensed by Hindustan Petroleum Ltd, has been open in Yamunanagar since 1961.
The Yamuna Syndicate is supported by Isgec Heavy Engineering Ltd, a diversified heavy engineering company that operates in manufacturing and project development.
