IFGL Refractories Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Jun-2025.
IFGLEXPOR · price
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IFGL Refractories announced audited FY25 results with standalone revenue from operations rising to Rs 99,763 lakhs from Rs 89,303 lakhs (~12% growth), while profit after tax fell to Rs 5,760 lakhs from Rs 6,511 lakhs (~12% decline). Standalone EPS stood at Rs 15.98 versus Rs 18.07 last year. The Board recommended a final dividend of Re 1 per share (10%), taking total FY25 dividend to Rs 7 per share (70%), including the Rs 6 interim dividend declared on May 7, 2025. Record date for the final dividend is fixed as June 6, 2025. In a major corporate action, the Board recommended a 1:1 bonus issue of equity shares (one bonus share for every one held), to be funded out of free reserves of Rs 24,173.77 lakhs, with record date of May 30, 2025, subject to shareholder approval via postal ballot. Authorised share capital will also be raised from Rs 63 crore to Rs 100 crore.
The 1:1 bonus issue is a meaningful corporate action that will double the share count and is typically viewed positively by retail investors for improving liquidity, though EPS will mathematically halve post-issue. Total dividend of Rs 7/share is reasonable, but the decline in profits despite revenue growth may concern investors. Watch for the bonus record date of May 30, 2025 for eligibility.