DPSC Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, recommended Final Dividend of 0.05 per equity share.
DPSCLTD · price
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Awaiting price reaction for this filing.
DPSC Limited (now India Power Corporation) reported audited FY25 results on May 20, 2025, with the statutory auditor issuing a qualified opinion on both standalone and consolidated financials due to three unresolved matters: Rs. 19,970 lakhs receivable from Power Trust linked to an IBC case, an IBC petition filed by lenders of Meenakshi Energy Limited for invocation of corporate guarantees, and Rs. 15,296.87 lakhs in disputed Electricity Duty under the Bengal Electricity Duty Act, 1935. Standalone revenue from operations fell about 4% to Rs. 59,990 lakhs, while profit before tax dropped sharply to Rs. 589 lakhs from Rs. 2,000 lakhs in FY24, mainly due to a Rs. 7,354 lakhs loss on de-recognition of financial assets. The Board recommended a final dividend of Re. 0.05 per share (5%) subject to shareholder approval, re-appointed the Whole-time Director, and approved the transfer of its Non-Regulated Business to wholly owned subsidiary IPCL Power Limited.
The qualified auditor opinion, three open legal/tax contingencies, and steep decline in profitability (PBT down ~70%, Total Comprehensive Income swinging to a loss of Rs. 13,698 lakhs vs Rs. 1,072 lakhs income last year) are material negatives that may weigh on the stock. The Rs. 0.05 dividend is a small token payout that offers limited support; shareholders should monitor the IBC and Electricity Duty outcomes closely.