Everest Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2025, recommended Final Dividend of Rs. 2.5 per equity share of face value of Rs. 10/- each .
EVERESTIND · price
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The Board of Everest Industries met on May 19, 2025 and approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion from SRBC & Co LLP. Standalone revenue from operations grew about 7.4% YoY to Rs. 1,70,702 lakhs, but standalone profit after tax fell to Rs. 1,435 lakhs (from Rs. 2,387 lakhs) and consolidated results swung to a net loss of Rs. 360 lakhs (from a profit of Rs. 1,800 lakhs). Profit was supported by exceptional items of Rs. 1,163 lakhs (GST incentives for the Lakhmapur plant and profit from sale of Noida property). The Board has recommended a final dividend of Rs. 2.50 per share (25% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM.
Modest dividend maintained despite a sharp drop in core profitability and a consolidated loss — investors will likely weigh the small Rs. 2.50/share payout against weaker underlying earnings. Stock reaction may be muted to slightly negative given the YoY profit decline, though exceptional items cushion the headline numbers.