Declaration of Interim Dividend of Rs. 2/- per equity Share of Rs. 10/- each.
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Workmates Core2Cloud Solution Ltd has declared an interim dividend of Rs. 2 per equity share (20% on face value of Rs. 10) for FY 2025-26. The record date for determining shareholder eligibility is 22nd May 2026. The total dividend payout amounts to Rs. 258.38 lakhs across 1,29,18,800 equity shares. This comes alongside strong annual results with standalone revenue of Rs. 14,369.05 lakhs and profit after tax of Rs. 1,637.96 lakhs, representing 16.5% growth in topline compared to the previous year. The company also completed its IPO recently with fresh issue of 29,08,800 equity shares at Rs. 204 per share. The dividend yield at current IPO price works out to approximately 1%, which is modest.
The interim dividend signals management confidence in the company's financial health and cash generation ability. Given this is the first dividend post-IPO, it establishes a shareholder return track record, though the yield is modest at current valuations.