Orient Technologies Share Price Climbs 9.78%; Interim Dividend Record Date Gets Revised

Orient Technologies share price is in the spotlight on Wednesday. On November 6, 2024, Orient Technologies share price opened at ₹371.00, up from its previous close of ₹364.50. At 11:50 AM, the share price of Orient Technologies was trading at ₹400.15, up by 9.78%. Notably, the stock touched its 52-week high at ₹414.00 on November 6, 2024.

Change in the Record Date for Interim Dividend 

As per the latest update, on November 5, 2024, Orient Technologies announced that the record date for determining the members eligible for the interim dividend would be November 22, 2024, which was initially decided as November 15, 2024. 

The Board of Directors of Orient Technologies is scheduled to meet on November 11, 2024, to consider and approve the unaudited financial results for Q2 FY25, along with the limited review report. The board will also deliberate on the proposal for an interim dividend for the fiscal year 2024-25. The revised record date for this dividend is set to be Friday, November 22, 2024.

Q1 FY 2025 Financial Highlights

Looking back at the Q1 FY 2025 financial performance, Orient Technologies’ revenue for the quarter stood at ₹14,884.68 lakh, reflecting a robust year-on-year (YoY) growth of 27.32%. EBITDA for the quarter amounted to ₹1,365.22 lakhs, up from ₹1,061.90 lakhs in Q1 FY24, marking a 28.56% increase. Profit after tax (PAT) for Q1 FY25 stood at ₹928.42 lakhs, reflecting a 30.21% YoY growth.

Investors will closely watch the company’s Q2 FY 2025 financial results and the board’s decision on the interim dividend in the coming days.

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