MP Birla Group stock recommends 150% dividend, net income zooms 272% in Q4: Do you own?

Vindhya Telelinks is a small cap company that recorded a market cap of ₹2,350.80 Cr during Friday's closing session. The MP Birla Group company is a prominent manufacturer and supplier of both jelly filled telecommunication cables and optical fibre telecommunication cables.

The Board of Directors have “Recommended Dividend of Rs. 15/- per share (i.e. 150%) on 1,18,50,863 Equity Shares of face value of Rs.10/- each of the Company for the financial year 2022-23, subject to approval of the same by the Shareholders in the ensuing Fortieth (40th) Annual General Meeting of the Company,” said Vindhya Telelinks in a stock exchange filing.

The company has reported a total income of Rs.1376.73 crores during the quarter ended March 31, 2023 as compared to Rs.370.06 crores during the quarter ended March 31, 2022, representing a YoY growth of 272.03%. During Q4FY23, the company's net profit stood at ₹101.30 Cr up by 80.69% YoY from ₹56.06 Cr in Q4FY22. Its EPS surged by 80.68% YoY to ₹85.48 during the quarter under review from ₹47.31 in the year-ago quarter.

In the financial year ended March 2023, Vindhya Telelinks reported a net income of ₹2913.92 Cr up by 115.06% YoY from ₹1354.95 in the previous financial year. During 12MFY23, the company's net profit dropped to ₹185.31 Cr from 193.27 Cr in 12MFY22, representing a fall of 4.12% YoY.

On Friday, the shares of Vindhya Telelinks hit a fresh 52-week-high of ₹2,235.00 on the NSE and then closed at 1,972.15. The stock touched a 52-week-low of ₹846.85 on (17-June-2022). During Q4FY23, the company reported promoters shareholding of 43.55%, FIIs stake of 1.23%, DIIs stake of 10.01% and a public stake of 45.21%.