Gujarat Industries Power Company Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of 4.09 per equity share.
GIPCL · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.2 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GIPCL's Board, at its May 22, 2025 meeting, recommended a final dividend of Rs. 4.09 per equity share (40.90% on face value of Rs. 10), subject to shareholder approval at the 40th AGM. The Board also approved the audited standalone financial results for Q4 and FY2024-25, with statutory auditors issuing an unmodified opinion. For FY25, revenue from operations declined to Rs. 1,25,625.72 lakhs from Rs. 1,34,863.80 lakhs in FY24, but profit after tax grew to Rs. 21,143.41 lakhs (from Rs. 19,851.07 lakhs), pushing EPS to Rs. 13.97 versus Rs. 13.12. The Board appointed M/s. TNT & Associates as Secretarial Auditors for 5 years and M/s. Dalwadi & Associates as Cost Auditors for FY2025-26.
The dividend is supportive for income-seeking shareholders, though the company simultaneously saw a sharp jump in long-term borrowings (from Rs. 39,077 lakhs to Rs. 1,80,489 lakhs) and capital work-in-progress, indicating heavy ongoing capex that may pressure near-term cash flows and leverage. The clean audit opinion and modest profit growth are positives, but revenue contraction and rising debt warrant attention.