Gravita India Limited has informed the Exchange that Board of Directors at its meeting held on May 02, 2025, declared Interim Dividend of Rs. 6.35 per equity share.
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Gravita India's Board, at its meeting on May 2, 2025, declared an Interim Dividend of Rs. 6.35 per equity share (317.50% on face value of Rs. 2), amounting to Rs. 46.87 crores, with a record date of May 8, 2025 and payment by May 31, 2025. The Board also approved audited financial results for Q4 and FY ended March 31, 2025: standalone revenue from operations rose to Rs. 3,222.77 crores (from Rs. 2,679.07 crores), with net profit at Rs. 194.13 crores (vs Rs. 179.62 crores) and EPS of Rs. 27.58. Q4 standalone revenue grew to Rs. 860.29 crores with profit of Rs. 73.52 crores, up from Rs. 46.93 crores year-on-year. The auditor issued a qualified opinion due to a prior-year treatment issue related to treasury shares held by the Employee Welfare Trust (Rs. 20.67 crores impact). The Board also appointed PwC as the new Internal Auditor replacing KPMG, and re-appointed M/s Pinchaa & Co as Secretarial Auditor for 5 years.
Shareholders holding shares as of May 8, 2025 will receive the interim dividend. The strong FY25 results and continued dividend declaration signal healthy cash flows, though the auditor's qualified opinion (second consecutive year) on a prior-year accounting treatment may draw some investor attention.