Several prominent companies are set to trade ex-dividend in the coming week, with Tech Mahindra, Indian Railway Finance Corporation (IRFC), and Waaree Energies leading the pack. These dividend announcements come on the heels of positive financial performances for these companies.

Key Dividend Announcements

Tech Mahindra's Dividend and Performance

Tech Mahindra, a leading IT services and consulting company, has announced an interim dividend of Rs 15.00 per share. This announcement follows the company's financial results for the September quarter, where it reported a 5% sequential growth in profit, reaching Rs 1,194.50 crore.

IRFC's Dividend Amid Profit Growth

Indian Railway Finance Corporation (IRFC), the dedicated market borrowing arm of Indian Railways, declared an interim dividend of Rs 1.05 per share. This comes after IRFC reported a 10% sequential increase in profit to Rs 1,777.00 crore, underlining the company's strong financial position.

Waaree Energies' Maiden Dividend

Waaree Energies announced its first-ever dividend of Rs 2.00 per share. The company plans to distribute a total of Rs 57.53 crore to its shareholders. This decision follows a performance in the September quarter, where Waaree Energies saw its profit more than double to Rs 843.00 crore.

Other Notable Ex-Dividend Stocks

Several other companies are also going ex-dividend in the coming week:

• Oberoi Realty: Rs 2.00 per share
• ICICI Lombard: Rs 6.50 per share
• LTIMindtree: Rs 22.00 per share
• Uniparts India: Special dividend of Rs 22.50 per share

Rights Issue by Covidh Technologies

In addition to the dividend announcements, Covidh Technologies is set to issue rights shares in a 25:1 ratio. The company proposes to issue 80.86 lakh shares, potentially raising up to Rs 8.08 crore. The ex-date for this rights issue is October 24.

Investors holding shares in these companies should take note of the respective record dates to ensure their eligibility for the announced dividends or participation in the rights issue. As always, it's advisable to consult with a financial advisor before making investment decisions based on these corporate actions.

A flurry of financial disclosures is expected on October 17 as more than 80 companies gear up to announce their second quarter results. Among the major players scheduled to reveal their financial performance are industry giants Reliance Industries, JSW Steel, and Havells India, along with notable names such as L&T Technology Services, AU Small Finance Bank, PVR Inox, and Tata Technologies.

Key Companies Reporting

The following table highlights some of the prominent companies set to report their Q2 results:

Many of these companies are also expected to conduct earnings calls with investors and analysts, providing further insights into their financial performance and future outlook.

Previous Quarter Performance

To provide context for the upcoming results, here's a look at how some of these companies performed in the previous quarter:

Tata Technologies reported a modest growth in total income, while its net profit saw a slightly higher increase. Reliance Industries demonstrated strong performance with a significant jump in both total income and net profit. JSW Steel, while showing minimal growth in total income, posted a substantial increase in net profit.

As investors and market watchers eagerly await the Q2 results, these previous quarter figures provide a baseline for comparison. The upcoming announcements will offer crucial insights into how these companies have navigated the second quarter and may influence market sentiments in the short term.

Stakeholders are advised to keep a close watch on these announcements and the subsequent earnings calls for a comprehensive understanding of the companies' financial health and future strategies.