Bonus Share: There is good news for the shareholders of Clara Industries Ltd, a small cap company working in the packaging industry. The company has announced bonus shares for its eligible shareholders in the ratio of 4:1. Besides, a dividend of 0.50 paise i.e. 5% has also been announced. Let us tell you that the company has declared its results for the quarter ending March 31, 2024 on Saturday. There has been a 30.05% increase in the company’s profit after tax (PAT) in the March quarter and stood at Rs 2.48 crore, while the profit declared in the same quarter last year was Rs 1.90 crore. Last Friday, shares of Clara Industries Limited fell by 2% and closed at Rs 220.65.
What is the record date?
The board of directors of Clara Industries recommended an interim dividend of 0.50 paise per equity share along with 4:1 bonus shares. The board has fixed June 6, 2024 as the record date for the interim dividend and the record date for issuing the bonus has not been announced yet. Shares of Clara Industries have given returns of 18% in the last 1 month and 179% in the last 2 years. Meru investment fund PCC-Cell 1 holds 2.39% stake in Clara with 98,770 shares of the company.
This share can go to ₹ 85, expert said – buy, will give profit
This share increased from 35 paise to ₹ 72, investment of 1 lakh increased to ₹ 2 crore.
march quarter results
The company declared revenue from operations at Rs 8.47 crore in the March 2024 quarter, compared to Rs 6.15 crore declared in the same quarter last year. Total income from operations stood at Rs 8.51 crore for the quarter ended March 31, 2024, as against Rs 6.17 crore declared in the same quarter last year. Total expenses in the quarter under review increased to Rs 4.90 crore from Rs 3.44 crore announced in March 2023. EPS for March 2024 increased to 5.01 from 7.69 in March 2023.
