Real Estate Stocks Declare Dividend, LIC Held 2.85% Stake in Q4: Do You Own?
Swan Energy is a mid-cap real estate company with a market capitalization of €6,064.81 Cr during Friday’s closing session. The Swan Group is one of India’s largest private sector business companies, serving the country in textiles, real estate, and oil and gas for over a century. The company has announced its results for Q4 and FY23, as well as a dividend to its eligible shareholders.
“The Board of Directors at its meeting held today has recommended, subject to shareholder approval at the subsequent Annual General Meeting, the payment of dividend @ 10% on Rs shareholding. 1/- each, (Rs. 0.10 per share) for FY 2022-23,” Swan Energy said in a scholarship application.
During Q4FY23, the company recorded a consolidated revenue from operations of Rs 933.19 Cr, an increase of 198.81% year on year over €312.30 Cr in Q4FY22. The company’s net income was €937.43 Cr during the quarter ending March 2023 compared to €312.13 Cr in the quarter ending March 2022.
The net costs were €783.76 Cr during Q4FY23 up 117.08% from €361.03 Cr during Q4FY22. The company said it reached its net profit €2.62 Cr during the quarter under review compared to a net loss of €19.13 Cr in the same quarter a year ago. The Swan Energy EPs zoomed in €2.25 onwards €(-1.69).
During the financial year ending in March 2023, revenue from operations reached Rs 1438.14 Cr as compared to €487.19 Cr in the financial year ending in March 2022. During MFY23, the net result was €1448.91 Cr compared to €494.09 Cr in 12MFY22. Swan Energy said it reported a net loss of Rs 38.83 Cr in 12MFY23 versus a net loss of €87.42 Cr in 12MFY22.
Shares of Swan Energy closed on the BSE on Friday €229.80 each, an increase of 1.55% over the previous close’s €226.30. The stock reached a 52-week high from €379.00 on (23/01/2023) and a 52-week low of €180.30 on (08/07/2022). During Q4FY23, the company recorded a promoter shareholding of 64.09%, a FIIs interest of 17.13%, a DIIs interest of 2.92%, and a public interest of 15.85^. According to Swan Energy’s shareholder pattern for the January to March 2023 quarter, insurance giant LIC held 75,10,174 shares or a 2.85% stake in the company.
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