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Awaiting price reaction for this filing.
The Board of Directors of Amarjothi Spinning Mills Ltd, at its meeting held on May 30, 2025, approved the audited standalone and consolidated financial results for the financial year ended March 31, 2025. The company also recommended a dividend of 22% on the face value, translating to Rs.2.20 per share, subject to shareholder approval at the ensuing AGM. Standalone revenue rose to Rs.21,260.84 lakhs in FY25 from Rs.18,945.39 lakhs in FY24, while net profit grew to Rs.1,040.84 lakhs from Rs.801.90 lakhs. Consolidated revenue stood at Rs.23,167.55 lakhs with net profit of Rs.1,134.63 lakhs. The statutory auditor issued an unmodified opinion on the financial statements.
The dividend is maintained at the same level as the previous year (Rs.2.20/share), so it is not a cut but nor is it a hike. Solid profit growth of around 30% supports the payout, which is a positive signal for income-seeking shareholders. The stock price reaction will depend on current yield and whether the market expected a larger dividend.