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ITC declared an interim dividend of Rs 6.50 per share for FY2025, paid between 6-8 March 2025. Record date was 12 February 2025.
ITC paid dividend amount to shareholders.
ITC Interim Dividend 2025: The conglomerate ITC paid the interim dividend to its shareholders between Thursday, 6 March and Saturday, 8 March 2025. ITC board had earlier declared an interim dividend of Rs 6.50 per share for the financial year ending on 31 March 2025.
“Declared Interim Dividend of Rs 6.50 per Ordinary Share of Rs 1/- each for the financial year ending on 31st March 2025; such Dividend will be paid between Thursday, the 6th March 2025 and Saturday, the 8th March 2025 to those Members of the Company entitled thereto,” ITC said in the filing.
ITC Interim Dividend Record Date
The company fixed Wednesday, 12 February 2025 as the Record Date for the purpose of determining entitlement of the Members for such Interim Dividend.
TDS On ITC Dividend
Dividend income from equity shares is taxed according to applicable slab rates under section 194 of IT Act 1961. This income is taxable for the recipient, and TDS (tax deducted at source) applies. Companies distributing dividends must deduct TDS at 10% under section 194 if a shareholder’s total dividend income in a year exceeds Rs. 5,000. However, Budget 2025 revised this limit to Rs. 10,000.
Resident shareholders who have not furnished their Permanent Account Number (PAN) linked with Aadhaar, or fall under the “Specified Person” category as per Section 206AB of the Income Tax Act, 1961, will have their dividends taxed at a higher rate. The Tax Deducted at Source (TDS) will be levied at 20%, double the usual rate, on the dividend payable.
ITC Q3FY25 Performance
ITC Ltd exceeds profit expectations for the third quarter of FY2025, posting a standalone net profit of Rs 5,638.3 crore. This surpasses the CNBC-TV18 poll estimate of Rs 5,135 crore, driven by a resurgence in rural demand for consumer goods and cigarettes. The FMCG giant recorded revenue of Rs 17,052.8 crore for the quarter, slightly below the CNBC-TV18 poll estimate of Rs 18,050 crore. EBITDA for the quarter reached Rs 5,834.3 crore, slightly lower than the CNBC-TV18 poll estimate of Rs 6,205 crore. The ‘Gold Flake’ cigarette maker reported an EBITDA margin of 34.2%, marginally lower than the anticipated 34.5% and down from 36.5% in the same quarter last year.
