Outcome of the Board Meeting held on 29th May, 2025
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The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for Q4 and FY ended 31st March 2025. On a standalone basis, total income rose modestly to Rs. 16,610.45 lakhs from Rs. 15,958.07 lakhs, while profit after tax was Rs. 11,450.81 lakhs vs Rs. 11,574.78 lakhs, with EPS at Rs. 101.37. Consolidated numbers are not comparable because JK Tyre & Industries ceased to be a subsidiary and became an associate from December 2023. The Board also recommended a dividend of Rs. 50 per equity share (500%) for FY25, subject to shareholder approval at the AGM. Additionally, the NCLT has sanctioned the Scheme of Arrangement for demerger of Umang Dairies' dairy business into Panchmahal Properties and amalgamation of the residual business with the company. V. Singhi & Associates issued an unmodified (clean) audit opinion.
The bumper 500% dividend is a major positive for shareholders and signals strong cash generation despite the slight dip in standalone PAT. Consolidated results will look optically weaker due to deconsolidation of JK Tyre, and the upcoming Umang Dairies restructuring will further reshape the group's structure, making year-on-year comparisons tricky in the near term.