Pondy Oxides Chemicals shares traded on a lower note during Monday's intraday session as the diversified metals company announced a revision to its final dividend payout for the financial year. The downward movement in the share price followed updates regarding the adjustment of corporate payouts.
Details of the Dividend Revision
Earlier in May, the company's board of directors had approved a final dividend of Rs 5 per equity share carrying a face value of Rs 5 each. However, following a proportionality adjustment resulting from the sub-division of equity shares from Rs 5 each to Rs 2 each, the board revised the dividend amount in a recent meeting to Rs 2 per equity share with a face value of Rs 2 each.
According to a regulatory filing released on Friday, the rate of the dividend continues to remain at 100 percent of the face value of the equity shares, while the absolute payout per share stands adjusted from Rs 5 to Rs 2 due to the share sub-division.
Market Performance and Price Action
At 1:30 pm on Monday, the share price of Pondy Oxides Chemicals was trading 1.72 percent lower at Rs 500.2 per share on the BSE, bringing the company's market capitalisation to Rs 3,815.44 crore. During the session, the stock touched an intraday high of Rs 509.85 and slipped to a low of Rs 495.35 per share.
The stock had previously opened lower on Friday. Over a broader horizon, the company's share price touched its 52-week high of Rs 647.44 on May 14, 2026, and dropped to its 52-week low of Rs 392.40 on March 23, 2026. The company maintains a return on equity of 37.37 percent. The stock has gained 2.38 percent over two weeks, risen 9 percent over six months, and surged roughly 413 percent over a three-year period.
Quarterly Financial Performance
The company registered a net profit of Rs 36.25 crore for the June quarter of financial year 2026-27, compared to a net profit of Rs 38.05 crore recorded in the March quarter. Net revenue stood at Rs 930.91 crore for the June quarter, compared to approximately Rs 931.68 crore in the corresponding period of the previous fiscal year. Earnings per share stood at Rs 4.75 for the June quarter.
