BSEBhagwati Autocast LtdHighPositive
Announced Fri, 23 May · 18:30 IST

Board approves dividend

Corporate Actions View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of Bhagwati Autocast, at its meeting on 23rd May 2025, recommended a final dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. This is higher than the prior year dividend of about Rs. 2 per share. The board also cleared audited results for Q4 and FY25, showing FY25 revenue from operations of Rs. 13,994 lakhs (up ~4.2% from Rs. 13,428 lakhs in FY24), but profit after tax declined ~11% to Rs. 615.82 lakhs versus Rs. 693.02 lakhs earlier, with EPS falling to Rs. 21.38 from Rs. 24.06. For Q4 alone, revenue grew ~19.8% YoY to Rs. 3,858 lakhs, though Q4 PAT fell to Rs. 273.52 lakhs from Rs. 407.35 lakhs. Additionally, Ms. Reena Bhagwati was reappointed as Managing Director for a further 3 years (Sept 2025 to Sept 2028), and new Secretarial, Internal, and Cost Auditors were appointed. The statutory auditor issued an unmodified opinion on the financial results.

Likely market impact

Shareholders stand to receive a slightly higher dividend than last year, but the decline in full-year profit and Q4 earnings despite revenue growth signals margin pressure, which may temper any positive stock reaction to the dividend news.