DCW Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
DCW · price
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DCW Limited's board approved audited results for Q4 and FY25, with auditors issuing an unmodified opinion. Full-year revenue from operations rose about 6.9% to Rs. 2,00,034 lakhs (vs Rs. 1,87,159 lakhs in FY24), while net profit nearly doubled to Rs. 3,028 lakhs (vs Rs. 1,566 lakhs), translating to an EPS of Rs. 1.03 (vs Rs. 0.53). However, the fourth quarter was weaker, with revenue declining about 13.5% YoY to Rs. 53,791 lakhs and net profit falling around 25.8% to Rs. 1,138 lakhs. The board recommended a final dividend of Rs. 0.10 (5%) per share of Rs. 2 face value, subject to shareholder approval. The auditor's report includes an Emphasis of Matter on several ongoing tax and legal disputes, including a Tamil Nadu electricity tax demand of Rs. 5,491 lakhs, customs differential duty of Rs. 1,244 lakhs plus a Rs. 2,600 lakh penalty, an income tax demand of Rs. 669 lakhs with a Rs. 2,893 lakh MAT credit reduction, and the Sahupuram land re-possession matter.
Strong full-year profit growth and an unmodified audit opinion are positives, but the sharp sequential slowdown in Q4 and the cluster of large contingent liabilities flagged in the Emphasis of Matter could weigh on sentiment. The modest 5% dividend signals conservative cash returns amid ongoing legal uncertainties.