BUSINESS

Hawkins Cookers Ltd. Declares A Rs. 120 Dividend Per Share for FY24

The manufacturer of cookers, Hawkins Cookers Limited, just released its financial year 2024 fourth-quarter results. Compared to previous year’s same period, when it earned Rs 2 crore, the company’s profits in the fourth quarter increased to Rs 32 crore.

The business’s net revenues rose as well, reaching almost Rs 277 crore. Investors may now see the price of Hawkins Cookers Limited’s dividend per share.

Hawkins Cookers, which has been growing steadily, gave investors a dividend of Rs 120 per share. The company’s shares have a face value of Rs 10. The Annual General Meeting, set for August 5, will be the forum for the final approval of the dividend. According to the firm, during the March quarter, its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) climbed from Rs 32 crore to Rs 46 crore. The percentage of EBITDA margin rose from 12.6% to 16.6%.

Indian firm Hawkins Cookers Limited Inc., originally known as Pressure Cookers and Appliances Limited, is well-known for producing cookware and pressure cookers. The firm is headquartered in Mumbai and has three production facilities in the cities of Thane, Maharashtra; Hoshiarpur, Punjab; and Jaunpur, Uttar Pradesh.

Mazgaon Dock Shipbuilders also announced a final dividend of Rs 12.11 per share in the meanwhile. The dividend will be handed out in thirty days after the corporation requests permission at the next annual general meeting. The company’s net profit for the January–March quarter increased by 100% to an annualized Rs 663 crore. It made Rs 326 crore in profit in the same period previous year.

The income of Mazgaon Dock Shipbuilders had an annual growth of 50% as well. In the last quarter of 2024, the company’s revenue was Rs 3,103.6 crore, compared to Rs 2,078.6 crore during the same time the previous year. Moreover, EBITDA for the quarter rose to Rs 525 crore from Rs 211 crore during the same period in the previous year.

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