Board Approves Final Dividend subject to the approval of Shareholders in AGM.
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GTV Engineering's Board approved audited results for FY24-25 along with a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10), subject to shareholder approval at the AGM. Total income from operations fell to Rs. 10,277.18 lakhs from Rs. 12,062.02 lakhs in FY23-24, a decline of about 15%. Despite the revenue dip, profit before exceptional items and tax surged to Rs. 1,521.42 lakhs from Rs. 679.93 lakhs, and net profit for the year nearly doubled to Rs. 1,104.53 lakhs (vs Rs. 540.71 lakhs), driving EPS up to Rs. 35.35 from Rs. 17.31. The auditor (Rath Dinesh & Associates) issued an unmodified (clean) opinion with no qualifications or emphasis of matter. Total equity strengthened to Rs. 4,726.58 lakhs and long-term borrowings remained minimal at Rs. 86.40 lakhs.
Strong profit growth and clean audit signal improved fundamentals for shareholders, though declining top-line sales may concern investors monitoring revenue trajectory. The 5% final dividend is modest, but profitability more than doubling YoY is a positive earnings trigger for the stock.