Particle.news
Download on the App Store
3 ARTICLES
·
4h ago

Glenmark Pharma Is the Week's Lone Ex-Dividend Stock With Oct. 3 Record Date

T+1 settlement plus the Oct. 2 market holiday moves the eligibility cutoff to Oct. 1.

Image
Image

Overview

  • The company will pay an interim dividend of Rs 2.5 per share, with the stock set to trade ex-dividend on Oct. 3 when the price typically adjusts for the payout.
  • Both the interim Rs 2.5 and the final Rs 2.5 announced on Sept. 15 are scheduled to be paid on Oct. 26, 2025.
  • Under India's T+1 cycle, purchases made on the Oct. 3 record date will not qualify, so investors must buy the shares by Wednesday, Oct. 1.
  • Glenmark reported Q1 FY26 consolidated net profit of about Rs 46.8 crore, an 86% year-on-year decline despite a one-time gain of Rs 323 crore.
  • Revenue fell 5.1% to Rs 3,059.33 crore with EBITDA of Rs 580.5 crore and a 17.8% margin, while the stock slipped 5.8% over the past five sessions but remains higher over longer periods.