Annual Report for the year ended 31-Dec-2024
FOSECOIND · price
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Foseco India has submitted its Annual Report for the financial year ended 31 December 2024 along with the Notice of the 68th Annual General Meeting (AGM), to be held on 21 May 2025 at 14:00 hours via video conferencing. The Register of Members will be closed from 15 May 2025 to 21 May 2025 to determine eligibility for the final dividend, which will be paid on or before 19 June 2025. Remote e-voting will be available from 17 May 2025 to 20 May 2025, with a cut-off date of 14 May 2025. Key financial highlights for FY24 include revenue from operations of Rs. 52,478 lakhs (up 9.9%), PBT of Rs. 9,833 lakhs (up 18.1%), EBITDA of Rs. 10,850 lakhs (up 19.1%), PAT of Rs. 7,303 lakhs, and EPS of Rs. 114.35. The Company also reported a 62% reduction in overall CO2 emissions against its target of 20% by 2025 and has been re-certified as a Great Place to Work.
For shareholders: a final dividend has been proposed, with the record date falling within the book closure period of 15-21 May 2025; investors holding shares as of 14 May 2025 are eligible for both the dividend and remote e-voting. The strong double-digit growth in PBT and EBITDA signals healthy operational momentum, which is supportive for the stock.