Authum Investment & Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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On the reaction day the stock moved 3.6 pts more than Nifty Midcap 150 and 3.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, both carrying an unmodified auditor opinion. Standalone revenue from operations nearly doubled to Rs 4,565.86 crores in FY25 (vs Rs 2,412.69 crores in FY24), driven in part by a one-time Rs 1,037.81 crore gain from conversion of NITCO debt into equity shares. Consolidated FY25 profit after tax stood at Rs 4,241.41 crores, broadly flat versus FY24's Rs 4,284.84 crores. The board declared a 50% interim dividend on equity shares (Rs 0.50 per share of Re 1 face value) and 7% on preference shares, with record date May 16, 2025 and payout by June 10, 2025. Promoters holding 74.95% of equity have waived their dividend entitlement. The company also acquired a 42.31% stake in Prataap Snacks during the year.
Strong top-line growth and a meaningful interim dividend are positives, though standalone PAT in FY25 was lower than FY24 and a large chunk of income is non-recurring debt-conversion gain. The subsidiary Open Elite Developers (formerly Reliance Commercial Finance) has fully eroded net worth, Rs 892 crore accumulated losses, a SEBI penalty of Rs 25 crore plus a 5-year market ban under appeal, and going-concern doubts — posing a contingent risk to the consolidated entity. Promoters waiving their dividend signals support but also means smaller free-float payout.