Godawari Power And Ispat limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, recommended Final Dividend of 1 per equity share.
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Godawari Power and Ispat's Board has recommended a final dividend of Re. 1 per share (100%) on Re. 1 face value equity shares for FY 2024-25, subject to shareholder approval, with record date set for August 16, 2025. The Board also approved audited financial results for FY25, reporting standalone net profit of Rs 769.64 Cr (down from Rs 917.44 Cr in FY24) on total income of Rs 4,762.89 Cr; consolidated net profit stood at Rs 812.98 Cr (vs Rs 935.59 Cr). A CAPEX plan was cleared, including a 50,000 MT steel melting capacity expansion and a hike in solar power plant capacity from 95 MWp to 125 MWp. The company also approved raising long-term debt of Rs 300 Cr from banks/financial institutions and set up a Section 8 company for a CSR school project. Re-appointments of internal and cost auditors and a 5-year appointment of a secretarial auditor were also approved.
The Re. 1 dividend is a routine payout, but the year-on-year decline in profits and revenues may weigh on investor sentiment. The capacity expansion and solar capex signal growth intent, while the Rs 300 Cr debt raise will increase leverage but fund the expansion plans.