Dividend delight on D-Street: Modison, LTM to Oberoi Realty announce dividends on October 16 | Amount, record dates
Modison, Oberoi Realty and LTM announced dividends, with October 23 set as the record date for all three. Modison approved ₹4 per share, Oberoi Realty ₹2, and LTM ₹25. Modison’s Q2FY27 profit and revenue rose sharply, while Oberoi Realty’s profit edged up and income declined.
Dividend delight on D-Street: As the September quarter earnings season has kicked off in full swing, nearly three companies announced dividends on Friday, October 16. Modison Limited, LTM Limited, and Oberoi Realty Limited rewarded investors with cash payouts.
All the three firms have fixed Friday, October 23 as the record date. For dividend hunters, here are all the details about these companies’ dividend payouts, record date, and most importantly Q2FY27 results.
Modison Limited, on Friday, declared a 400% dividend for the financial year 2026-27. The company’s board of directors has approved ₹ 4 dividend per equity share with a face value of Re 1 each.
The company has fixed Friday, October 23, as the record date to determine the eligibility of shareholders for the payout.
Modison’s net profit stood at ₹ 2,332.3 lakhs in Q2FY 27 against a net profit of ₹ 1,165.69 lakh reported in the year-ago period. Its net revenue from operations increased to ₹ 27,902.59 lakhs in Q2FY27 against ₹ 14,516.21 lakhs reported in the year ago period. Its net revenue stood at ₹ 27,046.67 lakh in Q1FY27.
Oberoi Realty’s board of directors approved a second interim dividend for FY26-27 at the rate of ₹ 2 per equity share, i.e. 20% of the face value of ₹ 10 each. Investors must own the stock before the record date to qualify for the payout. The board has fixed Friday, October 23, as the record date to determine eligibility of shareholders for the payout.
Its net consolidated profit increased marginally to ₹ 761.65 crore for the quarter ended September, a marginal increase from the year-ago period. Its net profit stood at Rs760.26 crore in the year-ago period.
Total income fell 6% to ₹ 1,736.37 crore during the second quarter of this fiscal from ₹ 1,844.84 crore in the corresponding period of the preceding year, according to a regulatory filing.
The IT services firm has announced ₹ 25 per share dividend, which is 2500% of the stock’s face value of Re 1 each. The board has declared an interim dividend for FY27.
The board has fixed Friday, October 23, as the record date to determine the eligibility of shareholders for the payout. Which means, investors must own the stock before the record date to qualify for the corporate action.
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