Finolex Industries Limited has informed the Exchange about appointment of Cost Auditors and Change in Internal Auditors of the Company
FINPIPE · price
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Awaiting price reaction for this filing.
Finolex Industries' board, at its 23 May 2025 meeting, approved audited FY25 results showing revenue from operations of ₹4,141.97 Cr (slightly down from ₹4,317.43 Cr in FY24), while standalone profit after tax jumped to ₹777.86 Cr from ₹455.30 Cr, aided by an exceptional item of ₹416.99 Cr. EPS rose to ₹12.58 from ₹7.36. The board recommended a total dividend of ₹3.60 per share (₹2 final + ₹1.60 special), equating to 180% on the ₹2 face value, subject to shareholder approval. Mrs. Sarita Tripathi, Chief Human Resources Officer, resigned for personal reasons effective 19 June 2025. Internal auditor Ernst & Young LLP was rotated out and replaced by M M Nissim & Co LLP for FY25-26, while S.R. Bhargave & Co was re-appointed as cost auditor.
The sharp rise in FY25 profit is largely driven by a one-time exceptional gain, so underlying earnings growth is more modest, though the bumper 180% dividend is a clear positive for shareholders. The CHRO exit and routine internal auditor rotation are normal governance events and unlikely to move the stock significantly.