GOCL Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of Rs. 10 per equity share.
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GOCL Corporation's Board has recommended a final dividend of Rs. 10 per equity share (500% on face value of Rs. 2) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The company reported consolidated net profit of Rs. 16,721.25 lakhs for FY25, more than tripling from Rs. 4,825.29 lakhs in FY24, boosted significantly by exceptional gains and a strong discontinued operations contribution. Consolidated revenue from operations, however, fell to Rs. 55,464.71 lakhs from Rs. 61,048.44 lakhs in FY24. The board also approved the divestment of its wholly-owned subsidiary IDL Explosives Limited to Apollo Defence Industries for Rs. 40,700 lakhs, and has classified its detonators and blasting devices business as discontinued operations as part of a broader restructuring tied to the planned sale of 264.50 acres of Kukatpally land for Rs. 3,41,800 lakhs.
The generous 500% dividend and the large jump in net profit are positives for shareholders, while the ongoing asset monetisation (land sale plus IDL Explosives divestment) signals a strategic shift toward becoming a leaner, realty-focused company. Near-term, the stock may attract yield-focused investors, but the discontinued-operations boost means the headline profit is not fully recurring.