Aditya Birla Real Estate Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of Rs. 2 per equity share.
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Aditya Birla Real Estate Limited's Board, at its May 14, 2025 meeting, recommended a Final Dividend of Rs. 2 per equity share (20% on face value of Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. This is a sharp cut from the Rs. 5 per share dividend declared for FY24 (50% payout), representing a 60% reduction in dividend value. The company reported a standalone net loss of Rs. 81.24 crore for the year ended March 31, 2025, largely due to exceptional items of Rs. 156.89 crore including a Rs. 114 crore provision for its joint venture exposure and a Rs. 42.89 crore land write-off following a Supreme Court ruling. The Board also approved the reappointment of R.K. Dalmia as Managing Director for two years from August 12, 2025, and approved sale of remaining textile machinery at its Jhagadia plant. The company's real estate segment posted a profit of Rs. 16.11 crore for Q4 FY25, while pulp & paper and textiles are being treated as discontinued operations following their divestment.
Shareholders will receive a much smaller dividend this year, reflecting the company's weaker FY25 earnings with a reported net loss. The dividend cut may weigh negatively on income-focused investors, though the company appears to be transitioning into a pure-play real estate entity after exiting its textile and paper businesses.