United Drilling Tools Ltd. Announces Q1 Results, Dividend, and AGM Date

United Drilling Tools Ltd. (UDTL) has released its unaudited quarterly financial results for the first quarter ended June 30, 2024. The company also announced an interim dividend and set the date for its 42nd Annual General Meeting (AGM).

Key Highlights:

• Q1 Results: The company reported a net profit of ₹431.15 lakhs for the quarter, compared to ₹147.74 lakhs in the same quarter last year.
• Interim Dividend: The Board of Directors declared a first interim dividend of 6% or ₹0.60 per equity share for the financial year 2024-25.
• Record Date: The record date for determining the eligibility for both the interim dividend for FY 2024-25 and the final dividend for FY 2023-24 has been set as Tuesday, August 27, 2024.
• AGM Date: The 42nd AGM will be held virtually on Wednesday, September 25, 2024, at 11:30 AM.
• Book Closure: The register of members and share transfer books will be closed from September 19 to September 25, 2024, for the AGM.

Financial Performance

• UDTL's Q1 results indicate a significant increase in net profit compared to the same period last year.
• Revenue from operations also saw substantial growth, reaching ₹5,438.25 lakhs.
• The company attributes the improved performance to factors such as increased demand and operational efficiency.

Dividend and AGM

• The declared interim dividend reflects UDTL's confidence in its financial position and its commitment to rewarding shareholders.
• Investors can expect further discussions on the company's performance and future plans at the upcoming AGM.
• The virtual AGM facilitates broader participation from shareholders across different locations.

Conclusion