Recommendation of Final Dividend of Re. 1 per equity share for the year ended March 31, 2025 subject to approval of Shareholders in the ensuing AGM
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The Board of Elegant Marbles & Grani Industries has recommended a Final Dividend of Re. 1 per equity share (10% on face value of Rs. 10) for FY ended March 31, 2025, subject to shareholder approval at the AGM on July 16, 2025. The record date / cut-off date is fixed at July 9, 2025. The company also announced audited FY25 results showing revenue from operations of Rs. 2,853.48 lakhs, down from Rs. 3,422.42 lakhs last year, but net profit rose to Rs. 470.35 lakhs from Rs. 405.21 lakhs, with EPS at Rs. 15.87 (vs Rs. 11.42). The Board also appointed Somani & Associates as Secretarial Auditor for 5 years and re-appointed Deepak Mehta & Associates as Internal Auditor for FY 2025-26.
The modest Re. 1 dividend signals steady but limited cash returns to shareholders, while improved net profit and EPS growth despite lower revenue may support investor sentiment. The unchanged dividend payout (no special dividend) alongside falling top-line could be viewed neutrally by the market.