Outcome of the Board Meeting held on May 15, 2025
ABDL · price
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Awaiting price reaction for this filing.
Allied Blenders and Distillers (ABDL) reported audited FY25 consolidated revenue of Rs. 8,094 crore, up about 5.5% year-on-year, with net profit jumping to Rs. 194.85 crore from Rs. 1.83 crore in FY24, helped by strong margin expansion (FY25 EBITDA of Rs. 451 crore versus Rs. 248 crore). The board declared a final dividend of Rs. 3.60 per share (face value Rs. 2) for FY25, with a record date of June 27, 2025, payable within 30 days of the AGM on July 8, 2025. The board also approved a plan to raise up to Rs. 1,000 crore through equity shares, convertible bonds, debentures, warrants or a QIP, subject to shareholder approval. Additionally, a capex of up to Rs. 29 crore was cleared to triple bottling capacity at the Derabassi (Punjab) plant from 1 lakh to 3 lakh cases per month within 12 months. The filing also flags a Rs. 352 crore income tax demand (90% stayed) and an ongoing CSD arbitration dispute, with the promoter chairman personally assuring to fund any tax liability.
Sharply higher profits and a maiden full-year dividend are positive for shareholders, while the proposed Rs. 1,000 crore fund raise may create near-term dilution concerns. The large income tax demand and CSD dispute remain key overhangs, though management views them as not material to financials.