Outcome of Board meeting of the Company held on 10.05.2025 along with Audited Financial Results for FY 2024 - 25
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The Board approved audited financial results for FY25 and recommended a dividend of Rs. 3 per equity share (face value Rs. 2), totaling Rs. 268.92 lakhs, with record date 06.06.2025. Full-year revenue from operations rose modestly to Rs. 8,099.82 lakhs (vs Rs. 7,813.77 lakhs in FY24), while net profit declined to Rs. 1,532.99 lakhs (vs Rs. 1,715.87 lakhs) due to higher other expenses and employee costs. Q4 FY25 was strong, with revenue nearly doubling year-on-year to Rs. 3,585.92 lakhs and net profit at Rs. 998.72 lakhs. Mr. R Swaminathan was re-appointed as CFO for 3 years, and M/s. V Suresh Associates was appointed as Secretarial Auditor for 5 years. The lead acid batteries segment remains suspended with a Rs. 115.09 lakh impairment provision. Auditor issued an unmodified (clean) opinion.
Shareholders get a steady Rs. 3 dividend even as full-year profits dipped ~11%. Short-term sentiment may get a boost from the strong Q4 performance, though the weakening operating cash flow (Rs. 390 lakhs vs Rs. 2,350 lakhs last year) and persistent losses in the lead-acid segment warrant attention.