Eldeco Housing And Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of Rs. 9 per equity share.
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Eldeco Housing and Industries' board, at its May 22, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew about 26.5% to Rs. 12,079.62 Lacs, but profit after tax fell roughly 14% to Rs. 2,569.94 Lacs (from Rs. 2,992.17 Lacs a year ago). On a consolidated basis, revenue rose to Rs. 13,394.14 Lacs while net profit dropped sharply to Rs. 2,150.84 Lacs from Rs. 3,385.82 Lacs. The board recommended a final dividend of Rs. 9 per share (450%) on a Rs. 2 face value, higher than the Rs. 8 per share paid for FY24, subject to shareholder approval. The board also approved an increase in remuneration for CMD Pankaj Bajaj, appointment of a new secretarial auditor, and re-appointment of the internal auditor.
The higher dividend is a small positive for income-seeking shareholders, but the decline in both standalone and consolidated profits despite revenue growth may temper investor enthusiasm. Shareholders should note that the dividend is subject to AGM approval and the CMD's pay hike may draw governance attention at the upcoming meeting.