Appointment of Cost, Internal and Secretarial auditors of the Company and Re-appointment of Mr. Marco Philippus Ardeshir Wadia, as Non-executive Independent Director for a second term of ....
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers announced its audited results for Q4 and FY ended March 31, 2025. Total income for FY25 stood at Rs. 3,36,854 lakhs, down from Rs. 3,83,670 lakhs in FY24, while net profit fell to Rs. 14,371 lakhs from Rs. 15,481 lakhs. EPS came in at Rs. 12.13 versus Rs. 13.06 last year. The Board recommended a dividend of Rs. 1.50 per share, subject to shareholder approval. The company appointed new Cost, Internal, and Secretarial auditors for FY25-26, and re-appointed Mr. Marco Wadia as an Independent Director for a second five-year term. Statutory auditors PKF Sridhar & Santhanam LLP issued a clean, unmodified opinion, though they flagged the pending urea subsidy matter and the proposed merger with Paradeep Phosphates Limited.
The slightly lower profits and revenue decline may pressure the stock in the short term, but the steady dividend and clean audit provide stability. The ongoing merger with Paradeep Phosphates remains the key catalyst to watch for shareholders.