Board of Director approves dividend @2% i.e. Rs. 0.04 per Equity Shares
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The Board of Directors of Inani Marbles & Industries Ltd, at its meeting on May 28, 2025, approved the audited standalone financial results for Q4 and FY ended March 31, 2025, with the auditors issuing an unmodified opinion. The Board recommended a dividend of 2% i.e. Rs. 0.04 per equity share (face value Rs. 2) for FY 2024-25, subject to shareholder approval at the upcoming AGM. Total income for FY25 rose to about Rs. 78.77 crore from Rs. 58.70 crore in FY24, but profit after tax fell sharply to roughly Rs. 1.57 crore compared with Rs. 7.28 crore last year. The Board also appointed M/s Anil Somani & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30) and M/s Jagetiya G & Co. as Internal Auditor for FY 2025-26.
The dividend is very small in absolute terms and follows a steep drop in FY25 profits, which may not be meaningful for income-seeking investors but signals a conservative payout amid weaker earnings. Investors should focus on the sharp profit decline despite revenue growth, which suggests margin pressure in the marble processing business.