Corporate Action-Board approves Dividend
HALDYNGL · price
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Haldyn Glass' Board, at its May 29, 2025 meeting, recommended a dividend of Rs. 0.70 per equity share (face value Re. 1) for FY25, same as the Rs. 0.70 paid for FY24. Dividend is subject to shareholder approval at the upcoming AGM and will be paid within 30 days of the AGM. The company also reported audited FY25 results: standalone revenue rose about 28% to Rs. 38,160 lakhs, but standalone profit after tax fell about 31% to Rs. 1,296.51 lakhs and EPS dropped to Rs. 2.41 from Rs. 3.49. Consolidated PAT stood at Rs. 1,881.34 lakhs with EPS of Rs. 3.50. The company also appointed a new CFO, Jitendra Karamchandani, effective June 1, 2025, replacing the retiring CFO.
Maintaining the same Rs. 0.70 dividend despite a sharp drop in profits signals continuity for shareholders, though the weaker earnings could cap near-term stock excitement. The CFO transition is a routine change and unlikely to be a major disruptor.