Particle.news
Download on the App Store

Thyrocare Shares Hit 52-Week High on Strong Q2, Rs 7 Dividend and 2-for-1 Bonus

A Rs 7 interim dividend with a 2-for-1 bonus signalled confidence in a debt‑free, cash‑rich balance sheet.

Overview

  • Consolidated net profit rose 80% year on year to about Rs 48 crore as revenue increased roughly 22% to around Rs 217 crore, with operating margin expanding to 33%.
  • Thyrocare processed about 53 million tests in the quarter, led by roughly 24% growth in the pathology franchise, while reiterating a debt‑free profile with net cash exceeding Rs 190 crore.
  • The board declared a second interim dividend of Rs 7 per share, with Oct. 24 set as the record date and a planned payout of about Rs 37.1 crore.
  • Directors also approved a 2-for-1 bonus issue of equity shares, with the record date to be announced.
  • The stock jumped as much as 16% to an intraday high near Rs 1,474, and all four covering analysts maintain buy ratings with a 12‑month consensus target around Rs 1,557.