Pursuant to Regulation 30 & 33 of the SEBI Listing Regulations, 2015, please find enclosed the outcome of Board Meeting held on May 28, 2025. The meeting commenced at 3:35 PM and concluded ....
BAJAJST · price
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Bajaj Steel Industries' board, meeting on May 28, 2025, approved audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2025, along with an unmodified opinion from statutory auditor B. Chhawchharia & Co. Standalone revenue from operations grew about 7% year-on-year to roughly Rs. 54,501 lacs, while standalone net profit surged around 60% to Rs. 7,615 lacs, helped by a one-time exceptional dividend of about Rs. 2,652 lacs received from its US subsidiary Bajaj Coneagle LLC. Consolidated revenue stood at Rs. 59,721 lacs with a net profit of Rs. 8,433 lacs. The board also recommended a final dividend of Rs. 1 per equity share for FY25 and appointed Siddharth Sipani & Associates as secretarial auditor for 5 years, subject to shareholder approval.
Profit jump looks strong but is largely propped up by a one-time subsidiary dividend; underlying core growth is modest. Unmodified audit opinion and clean cash flows are positive, while the Rs. 1 per share dividend and 3:1 bonus already issued (November 2024) limit near-term cash returns to shareholders.