Electrosteel Castings Limited has informed the Exchange that Board of Directors at its meeting held on May 10, 2025, recommended Final Dividend of 1.4 per equity share.
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The Board of Directors of Electrosteel Castings Limited, at its meeting on May 10, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. The Board recommended a final dividend of Rs. 1.40 (140%) per equity share of face value Re. 1 each, subject to shareholder approval at the upcoming AGM. Consolidated revenue from operations rose to Rs. 7,478 crore (FY24: Rs. 6,644 crore) and net profit came in at Rs. 740 crore (FY24: Rs. 707 crore), with basic EPS improving to Rs. 12.35 from Rs. 11.84. The Board also approved the re-appointment of Mr. Rajkumar Khanna as Independent Director for a second 5-year term from June 15, 2025, and appointed M/s MKB & Associates as Secretarial Auditor for FY26–FY30. Statutory auditors issued a qualified opinion on the consolidated results, flagging pending matters around the cancelled Parbatpur coal block compensation, the ESL Steel investment pledge, and the Elavur land mortgage dispute.
The Rs. 1.40 final dividend rewards shareholders, though the actual yield depends on the prevailing share price. Strong revenue and profit growth signal healthy operations, but the ongoing audit qualifications tied to coal block, ESL Steel, and Elavur land cases leave unresolved legal overhangs that could materially affect future results.