Board Approved the Dividend.
Awaiting price reaction for this filing.
Welspun Corp Limited's board approved audited consolidated FY25 results showing revenue from operations of Rs. 13,977.54 crore (down from Rs. 17,339.60 crore in FY24), but net profit surged to Rs. 1,902.28 crore (up from Rs. 1,136.00 crore) largely due to exceptional items of Rs. 465.68 crore from sale of Nauyaan Shipyard stake and EPIC associate shares. Basic EPS rose to Rs. 72.80 from Rs. 42.45. The board recommended a final dividend of Rs. 5 per equity share (100% on Rs. 5 face value), subject to shareholder approval at the upcoming AGM. The company also cleared raising up to Rs. 500 crore via Commercial Papers and NCDs for routine working capital needs, approved new project capex, and appointed M/s. Siroya and BA Associates as secretarial auditors for five years (FY26–FY30).
Profit growth was driven mainly by one-time gains from asset sales and may not repeat, so core earnings remain weaker. The Rs. 5 dividend is a steady, modest payout and rewards shareholders, while the debt-raising plan is routine and not a red flag. Net debt also fell sharply with the debt-to-equity ratio improving from 0.33 to 0.12.