Container Corp’s Last Day for Dividend Eligibility
Investors have until Wednesday to buy Container Corp shares to qualify for the third interim dividend of the financial year 2025. The company has announced a dividend of Rs 4.25 per share. This translates to a total payout of Rs 258.95 crore.
Record Date and Payment Details
The record date for determining eligible shareholders is Thursday. Because of the T+1 settlement cycle, you need to buy shares by Wednesday to be eligible for the dividend. The dividend will be paid on or after February 18th, and within 30 days of its declaration.
Previous Dividends This Year
This is the third dividend declared by Container Corp this fiscal year. They previously paid an interim dividend of Rs 3.25 per share on November 14th, and a final dividend of Rs 2.50 per share on September 17th.
Q3 Results: Increased Profit, Decreased Revenue
Container Corp recently released its third-quarter results for FY25. The company saw an 11% rise in net profit, reaching Rs 366.7 crore, compared to Rs 330.7 crore in the same period last year. However, revenue dipped slightly by 0.1% to Rs 2,208.3 crore, down from Rs 2,210.6 crore.
Earnings Analysis
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also experienced a decrease. EBITDA fell by 10.1% to Rs 465 crore, with margins narrowing to 21.1% from 23.4% in the same period last year.
Market Performance and Analyst Ratings
Container Corp’s shares closed 1.76% higher at Rs 732.70 per share. This performance compares favorably to the NSE Nifty 50, which advanced by 1.62%. Despite this gain, the stock has fallen by 21.25% in the last 12 months. Out of 22 analysts who track the company, 13 recommend a ‘buy’, 3 suggest a ‘hold’, and 6 recommend a ‘sell’.
Future Outlook
Analysts predict a potential upside of 17.5% for the stock, with an average 12-month price target of Rs 860.67.
[[Container Corp]] is a major player in the [[logistics]] [[market]]. Keep an eye on this company for the [[latest business news]] and [[market analysis]]. These [[updates]] are important for investors.