The Board of Directors at their meeting recommended the final dividend of Rs. 2/- per equity share.
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Delton Cables' Board recommended a final dividend of Rs. 2 per equity share (20% on face value of Rs. 10) for FY 2024-25, aggregating to Rs. 172.80 lakhs, subject to shareholder approval. The company reported strong FY25 results with revenue from operations rising to Rs. 70,926 lakhs from Rs. 40,086 lakhs in FY24 (about 77% growth), and net profit increasing to Rs. 2,051 lakhs from Rs. 1,466 lakhs (about 40% growth), taking EPS to Rs. 23.74 vs Rs. 16.96. The Board also approved re-appointments of Mr. Vijender Kumar Gupta as Chairman & Whole-Time Director, Mr. Vivek Gupta as MD & CEO, and Mr. Atul Aggarwal as Independent Director, each for 5-year terms. CFO Mrs. Sangeeta Tondon resigned citing personal reasons, with Mr. Rameshwar Jaiswal appointed as the new CFO effective May 31, 2025. The Board also sought shareholder approval to raise borrowing powers and disposal authority to Rs. 500 crores each.
The Rs. 2 dividend rewards shareholders while the strong jump in revenue and earnings signals healthy business momentum, which is positive for the stock. However, the proposal to expand borrowing and asset disposal limits up to Rs. 500 crores may warrant close monitoring by investors for any future large transactions.