Board recommended dividend of 10% (i.e. 0.50 paise) per share subject to approval of members at the ensuing Annual general meeting.
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B.N. Rathi Securities reported FY25 audited results with standalone total income of Rs 5,790 lakhs (up 3.7% from Rs 5,582 lakhs in FY24), but profit after tax declined to Rs 968 lakhs (from Rs 1,015 lakhs) and EPS fell to Rs 2.35 (from Rs 2.77). Consolidated PAT dropped sharper to Rs 939 lakhs (from Rs 1,053 lakhs), pulled down by losses at subsidiary B.N. Rathi Comtrade (Rs 39 lakh loss) and new B-Fly Asset Manager LLP (Rs 23 lakh loss). The Board recommended a 10% dividend (Rs 0.50 per share), pending AGM approval. Operating cash flow swung sharply negative at Rs -2,147 lakhs (standalone) vs Rs 45 lakhs positive last year, driven by working capital movements. Statutory auditors M. Anandam & Co issued an unmodified opinion. The company also appointed a new Internal Auditor (Penmetsa & Co) and Secretarial Auditor (Aakanksha Dubey & Co) for five years.
Marginal revenue growth coupled with a slight PAT decline and a dramatic swing to negative operating cash flow suggests pressure on core equity brokerage income. The 10% dividend provides some income support for shareholders, but the weak cash generation and subsidiary losses warrant monitoring.