Outcome of Board Meeting
Price
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Phoenix Township Limited's board, which met on 23 May 2025, approved the audited standalone and consolidated financial results for Q4 and the full year ended 31 March 2025. On a standalone basis, FY25 total income rose to Rs. 35.12 crore from Rs. 29.55 crore in FY24, while net profit fell sharply to Rs. 66.06 crore from Rs. 196.33 crore, primarily because the prior year included a much larger one-time exceptional gain of Rs. 194.68 crore from the sale of agricultural land at Thivim to its wholly-owned subsidiary, Green First Estate Pvt Ltd. In FY25, an additional Rs. 50.64 crore was booked as exceptional profit on the same land transaction due to an increase in usable area. EPS dropped to Rs. 31.47 from Rs. 140.46. The board recommended a modest final dividend of Rs. 0.15 per equity share (1.5%) and Rs. 0.10 per preference share (1%), subject to shareholder approval. M/s Bharat Gupta & Co. was appointed as Internal Auditor for FY26, and statutory auditor Bhatter & Company issued an unmodified opinion.
The headline profit decline is misleading – it reflects normalization after a large one-off land-sale gain in FY24 rather than a deterioration in core operations, where revenue actually grew year-on-year. The dividend is token-level (under 0.5% yield on face value), so the key takeaway for shareholders is stable underlying business performance rather than income from dividends.