Dividend was recommended 10% for the Financial Year 2024-2025
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Aeonx Digital Technology (formerly Ashok Alco-Chem) announced audited results for FY25 alongside a board meeting outcome. The board recommended a 10% dividend (Re. 1.00 per share of Rs. 10 face value), subject to shareholder approval. Standalone revenue from operations more than doubled to Rs. 2,490.61 lakh (vs Rs. 1,201.67 lakh in FY24, ~107% growth), with PAT rising ~72% to Rs. 308.81 lakh and EPS at Rs. 6.71. On a consolidated basis, revenue grew modestly to Rs. 3,480.81 lakh (~1.4%) but PAT jumped ~48% to Rs. 404.61 lakh. The board also approved 23,000 ESOPs and proposed issuing 2,41,000 convertible warrants to promoter group entity Aura Alkalies and Chemicals on a preferential basis. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated results.
The strong standalone earnings growth and maiden dividend signal operational turnaround, likely viewed positively by shareholders. However, the proposed preferential warrant issue to the promoter is dilutive and warrants cash-flow scrutiny: operating cash flow remains negative on both standalone (-Rs. 341 lakh) and consolidated (-Rs. 462 lakh) bases, meaning profits are not translating into cash. Net impact: positive on earnings, neutral-to-cautious on cash quality.