Bombay Oxygen Investments Limited , a Non-Banking Financial Company (NBFC) focused on investments, has announced strong financial results for the first quarter, along with a key management change.

Financial Highlights

The company reported a net profit of Rs. 2,422.75 crore for the quarter, showcasing a solid performance despite a slight decrease from Rs. 2,683.99 crore in the same period last year. The total income for the quarter reached Rs. 2,888.68 crore, primarily driven by substantial gains from fair value changes in financial assets.

Here's a breakdown of the key financial metrics:

The company's revenue stream was dominated by net gains on fair value changes of financial assets, amounting to Rs. 2,740.75 crore. Additionally, dividend income contributed Rs. 147.92 crore to the total revenue.

Management Change

In a significant development, the Board of Directors has approved the resignation of Ms. Vinaya Sanjay Patil from her position as Company Secretary and Compliance Officer. Her resignation will be effective from the closing hours of October 31.

Other Financial Insights

• The company's other comprehensive income for the quarter stood at Rs. 1,460.81 crore, primarily due to gains on remeasuring FVTOCI financial assets.
• Total comprehensive income for the quarter was reported at Rs. 3,883.56 crore.
• The paid-up equity share capital remained unchanged at Rs. 150 crore, with a face value of Rs. 100 per share.

Board Meeting Details

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 13. The board meeting commenced at 12:30 PM and concluded at 2:40 PM.

Bombay Oxygen Investments Limited continues to operate solely in the investment sector, with no separate reporting segments as per Ind AS-108 "Operating Segment". The company's focus on investment activities appears to be yielding strong returns, as evidenced by the substantial gains from fair value changes in financial assets.

Investors and stakeholders can access the detailed financial results on the BSE website and the company's official website at www.bomoxy.com .

Bombay Oxygen Investments Ltd. (BOIL) has declared a final dividend of Rs 35 per share, setting the stage for an important week for its shareholders. The company has announced that it will trade ex-dividend on Tuesday, with the record date set for the same day.

Dividend Details

Stock Performance

As of the latest trading session, Bombay Oxygen Investments' stock price stands at Rs 25,199.80. Based on the current share price and the announced dividend, the dividend yield calculates to 0.14%.

Implications for Investors

Investors should be aware of the following key points:

1. Ex-Dividend Trading: On the ex-dividend date, the stock will trade without the right to receive the upcoming dividend. Typically, the stock price may adjust to reflect the dividend payout.

2. Record Date: Shareholders who own the stock at the close of business on the record date will be eligible to receive the dividend.

3. Dividend Yield: The relatively low dividend yield of 0.14% suggests that Bombay Oxygen Investments' dividend payout represents a small percentage of its current stock price.

Shareholders and potential investors should mark their calendars for the upcoming ex-dividend date and consider how this dividend announcement aligns with their investment strategies. As always, it's advisable to consult with a financial advisor for personalized investment decisions.