FINAL DIVIDEND OF RS.2/- PER EQUITY SHARE HAVING FACE VALUE OF RS. 10/- EACH FOR THE FINANCIAL YEAR ENDED 31-03-2025 SUBJECT TO APPROVAL OF SHARE HOLDERS AT THE ENSUING ANNUAL GENERAL MEETING
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The Board of Coromandel Agro Products & Oils Ltd, at its meeting on May 28, 2025, approved audited standalone financial results for Q4 and FY ended March 31, 2025, along with a final dividend of Rs. 2 per equity share (face value Rs. 10) subject to shareholder approval at the AGM. For FY25, revenue from operations declined to Rs. 15,905.46 lakhs from Rs. 18,324.03 lakhs in FY24, a drop of around 13%. Despite the revenue dip, net profit surged to Rs. 376.48 lakhs from Rs. 130.11 lakhs, nearly tripling year-on-year, helped by lower raw material and other expenses. EPS rose to Rs. 47.66 from Rs. 16.47. The statutory auditor issued an unmodified opinion on the results, and the company reported no defaults on loans or debt securities.
Shareholders stand to receive a Rs. 2 dividend per share (20% on face value), pending AGM approval. The sharp jump in profits despite lower revenue signals improved margins, which is a positive sign, though the weak operating cash flow (just Rs. 8.42 lakhs) and revenue contraction warrant close monitoring.