Recommendate a Dividend of Rs. 1.50 per equity shares of Rs. 10/- each for the Financial year ended on March 31, 2025 subject to the shareholder approval at 31st AGM of the Company.
ASTAR · price
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Asian Star Company Limited announced FY25 audited results (both standalone and consolidated) at its board meeting on May 30, 2025. The Board recommended a dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10), subject to shareholder approval at the 31st AGM, to be paid within 30 days of the AGM. Standalone performance weakened sharply: revenue fell to Rs. 2,698 crore (from Rs. 3,523 crore) and profit after tax dropped to about Rs. 38.7 crore (from Rs. 77.6 crore), with EPS nearly halving to Rs. 24.21. On a consolidated basis, revenue grew about 21% to Rs. 3,523 crore, but PAT still declined to Rs. 41.5 crore from Rs. 77.6 crore. The results include an exceptional item loss of Rs. 257 lakh. The statutory auditors issued an unmodified (clean) opinion, and the company also appointed Yogesh D. Dabholkar & Co. as Secretarial Auditor for five years (FY26–FY30).
Mixed-to-negative for shareholders: the sharp fall in standalone profits and the reduced dividend payout (from prior levels implied by the drop in EPS) signal weaker earnings, though the clean audit opinion and consolidated revenue growth offer some comfort. The stock may see pressure on the dividend cut and profit decline, but a clean audit report is a positive governance signal.