Board of Directors of the Company at its meeting held today , May 07, 2025, has recommended the dividend of Rs. 1.50 per equity shares of Rs. 10 each for the financial year ended March ....
Awaiting price reaction for this filing.
Mangalore Chemicals & Fertilizers reported FY25 audited results alongside a board meeting on May 7, 2025. Total income for the year fell to Rs. 3,36,854 lakhs from Rs. 3,83,670 lakhs in FY24, a decline of about 12%. Profit after tax slipped to Rs. 14,371 lakhs from Rs. 15,481 lakhs, with basic EPS at Rs. 12.13 versus Rs. 13.06 previously. The board recommended a dividend of Rs. 1.50 per share (face value Rs. 10), totaling Rs. 1,777.73 lakhs, subject to shareholder approval. The company also appointed a new Cost Auditor (Y K Venkatesh), Internal Auditor (JCSS & Co), and Secretarial Auditor (Kedarnath & Karthik for 5 years), and re-appointed Mr. Marco Wadia as Independent Director for a second 5-year term. The statutory auditor (PKF Sridhar & Santhanam LLP) issued an unmodified opinion but flagged an emphasis of matter on a pending urea subsidy dispute (Rs. 2,914 lakhs) and the proposed merger with Paradeep Phosphates Ltd.
The revenue and profit dip is mildly negative, though the company remains profitable with a modest dividend for shareholders. The emphasis of matter on the subsidy dispute and pending Paradeep Phosphates merger are key watchpoints, but the clean audit opinion and stable dividend signal management continuity.