Gujarat Mineral Development Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of Rs. 10.10 per equity share.
GMDCLTD · price
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GMDC's Board, at its meeting on May 15, 2025, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone total income from operations rose to Rs. 2,850.84 Crore (FY25) from Rs. 2,462.88 Crore (FY24), while standalone profit after tax grew to Rs. 687.86 Crore from Rs. 595.70 Crore. EPS stood at Rs. 21.63 for FY25 versus Rs. 18.73 in FY24. The Board recommended a final dividend of Rs. 10.10 per equity share on a face value of Rs. 2, translating to a 505% payout, subject to shareholder approval. The auditors (Dhirubhai Shah & Co LLP) issued an unmodified opinion on both standalone and consolidated results, with supplementary audit by C&AG pending.
Strong full-year results with healthy profit growth and a high dividend payout (505%) are positive signals for shareholders, though the dividend yield will depend on the current share price. The results are positive for the stock, with no auditor qualifications adding to confidence.