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
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Coromandel Agro Products & Oils Ltd, at its meeting on May 28, 2025, approved audited financial results for the quarter and year ended March 31, 2025, along with a final dividend recommendation. The Board has recommended a final dividend of Rs. 2.00 per equity share (on shares with face value of Rs. 10 each) for FY2024-25, subject to shareholder approval at the upcoming AGM. For the full year, revenue from operations stood at Rs. 15,905.46 lakhs (down from Rs. 18,324.03 lakhs last year), but net profit jumped sharply to Rs. 376.48 lakhs versus Rs. 130.11 lakhs in the prior year, with EPS rising to Rs. 47.66 from Rs. 16.47. The auditor issued an unmodified opinion on the results, and the company reported no defaults on loans or debt securities.
Shareholders will receive a Rs. 2 dividend per share pending AGM approval, which represents a higher payout than the Rs. 1 per share paid last year. The strong jump in net profit despite lower revenue signals improved margins, which is a positive for the stock, though the dividend yield depends on the current market price.