Board has approved & recommended to shareholders Final Dividend of 5% of equity share capital.
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Awaiting price reaction for this filing.
Comfort Commotrade's board has recommended a final dividend of Rs. 0.50 per share (5% on face value of Rs. 10) for FY25, subject to shareholder approval at the AGM. The board also approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Total income for FY25 stood at Rs. 3,368.50 lakhs (vs Rs. 3,226.35 lakhs in FY24), but profit after tax dropped sharply to Rs. 460.96 lakhs from Rs. 1,748.53 lakhs, with Q4 FY25 slipping into a loss of Rs. 1,086.08 lakhs. EPS for the year fell to Rs. 4.60 from Rs. 17.45 in the previous year. The trading window reopens on May 9, 2025.
Despite a sharp decline in annual profits and a Q4 loss, the company is rewarding shareholders with a small dividend, which is a modest positive for income-seeking retail investors. However, the steep earnings fall may weigh on the stock's short-term sentiment.