Board of Directors recommended dividend subject to approval by shareholders in AGM
Awaiting price reaction for this filing.
Triveni Engineering & Industries Ltd.'s Board, at its May 27, 2025 meeting, recommended a final dividend of 250% (Rs. 2.50 per share) on the Rs. 1 face-value equity for FY25, subject to shareholder approval. The 89th AGM is set for September 8, 2025, with record date fixed as September 1, 2025. For FY25, standalone revenue grew ~8.2% to Rs. 6,655.4 crore, but profit after tax fell ~36.6% to Rs. 248.4 crore (EPS Rs. 11.35 vs Rs. 17.89 in FY24). Q4 FY25 was healthier, with revenue up ~19% to Rs. 1,845.3 crore and PAT up ~9.5% to Rs. 175 crore. The Board also approved a new Secretarial Auditor (M/s Suresh Gupta & Associates) for 5 years and Cost Auditors for FY26.
The Rs. 2.50/share dividend is materially lower than the Rs. 7.75/share paid out in FY24 (per cash flow statement), signalling a dividend cut that income-focused shareholders may view negatively. However, the strong Q4 recovery in sugar and distillery segments, plus an unmodified audit opinion, provide some comfort on near-term business momentum.