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- Companies have given dividend of Rs 61,000 crore from last April to this March.
- In the previous year it was Rs 37,200 crore. That is, an increase of 38%
In the time of Corona, companies have given record dividends. The top 155 companies of the National Stock Exchange (NSE) have given dividend of Rs 61,000 crore for the financial year 2020-21 i.e. from last April to this March. In the previous year it was Rs 37,200 crore. That is, an increase of 38%.
Companies made good recovery
In fact, even in the difficult times of Corona, companies made good recovery. The balance sheet improved due to their income and cash flow. This is because the interest rates are very low. 103 out of 155 companies on NSE have given more dividend than last year. In this, state-owned oil company Bharat Petroleum Corporation Limited (BPCL) has given a dividend of Rs 17,137 crore. In the previous year, it paid a dividend of Rs 3,245 crore. It received Rs 9,876 crore from the sale of stake in its Numaligarh refinery.
Indian Oil gave 11,297 crores
State-owned oil company Indian Oil has given a dividend of Rs 11,297 crore. In 2019-20, it had given a dividend of Rs 4,001 crore. Hindustan Unilever (HUL), a major FMCG sector company, has given a dividend of Rs 9,519 crore. It had a profit of Rs 7,995 crore in 2021. A year ago, it had given a dividend of 5,400 crores. Information technology (IT) sector company Infosys had given a dividend of 7,452 crore in 2019-20. It paid a dividend of Rs 27 per share. Last year, it paid a dividend of Rs 11,502 crore.
SBI paid dividend of Rs 3,570 crore
State Bank of India (SBI) has given a dividend of Rs 3,570 crore in the banking sector. A year ago it did not pay any dividend. Britannia has paid a dividend of Rs 3,794 crore as against Rs 842 crore. Ambuja Cement has paid a dividend of Rs 3,572 crore instead of Rs 298 crore. Tech Mahindra has paid a dividend of Rs 4,357 crore as against Rs 1,449 crore a year ago.
Dividend given due to better margin and profit
Market experts say that due to better margins and profit, companies have given more dividend in 2020-21. The dividend payout given by companies has been the highest ever in a single financial year. That’s because companies have made record profits. Since the quarter of September 2020, there has been a significant increase in profits of companies.
Government companies gave more dividend
Most of the dividends have been paid by government companies. It has companies like SAIL, Coal India, NTPC, Bharat Petroleum. Among the private companies are companies like Hindustan Unilever and Larsen & Toubro. Companies cut their costs during this period and at the same time limited their working capital requirements. Similarly, these companies also got the benefit of reduction in interest rates.
The profit of Nifty 500 companies has been Rs 2.20 lakh crore in the December quarter. This has been higher than the March quarter. The earnings of the companies in the March 2021 quarter have been excellent. Especially those who have been in the cycling sector.