Accounting geniuses- I need your help!
I was looking at the FY22 Annual Report of Jamna Auto. They state a dividend payout ratio of 42.5% (screener also shows a similar number). However I am unable to reconcile the same
Below are the snippets from the AR of all the relevant info required for this calculation
EPS Calculation
Dividend paid from consolidated cashflow statement
If we distribute 3983.25 to the weighted avg share holders as per the EPS calculation, the Div per share comes to Rs 1. As a percentage of Profit, it is 28.3%
However the company claims payout of 42.5% as per this
What am I missing here? Shouldn’t the interim dividend of Rs 0.5 payed out be reflected in the consolidated cashflow for the year?
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