Textile manufacturing company Jindal Worldwide Ltd has decided to give bonus shares to its investors. The company will offer 4 bonus shares for every 1 share held.
This announcement was made this week, and it is expected that the entire process will be completed by March 6, 2025.
The company has not yet announced the record date for the bonus shares, but it is expected to be announced soon.
Bonus Share Details
Jindal Worldwide Ltd has stated that for each share with a face value of Rs 1, investors will receive 4 bonus shares.
This means that shareholders will get 4 free shares for every 1 share they hold.
Financial Performance of Jindal Worldwide Ltd
In the September quarter, Jindal Worldwide Ltd reported a total revenue of Rs 567.59 crore, marking a 41.83% increase compared to the same quarter last year, when the revenue was Rs 400.20 crore.
The company also posted a net profit of Rs 17.47 crore for the second quarter of the current financial year, which is a 43.41% increase from the previous year’s September quarter.
Stock Market Performance
On Friday, Jindal Worldwide Ltd’s shares closed at Rs 421 on the NSE, showing a decline of 3.50%.
However, over the last year, the company’s shares have provided a return of more than 37% to long-term investors.
The 52-week high for the stock is Rs 471.20, while the 52-week low is Rs 267.75. The company’s market capitalization stands at Rs 8441.91 crore