Indian Hume Pipe Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
INDIANHUME · price
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Awaiting price reaction for this filing.
The Board approved audited standalone financial results for Q4 and FY ended March 31, 2025, with auditors (K.S. Aiyar & Co) giving an unmodified opinion. Total revenue for FY25 stood at ₹1,50,017 lakhs vs ₹1,39,725 lakhs last year (~7.4% growth). Net profit surged to ₹55,805 lakhs (vs ₹7,763 lakhs), but this was driven almost entirely by a one-time exceptional gain of ₹54,522 lakhs from the sale of freehold land in Yelahanka, Bengaluru to Godrej SSPDL Green Acres LLP for ₹2,55,900 lakhs. The Board recommended a total dividend of ₹5.80 per share (290%) – a normal dividend of ₹1.80 plus a special dividend of ₹4 per share linked to the Bengaluru land sale. Additionally, M/s JHR & Associates was appointed as Secretarial Auditor for 5 years, and Ms. Anima B. Kapadia's directorship was continued upon her attaining age 75. The 99th AGM is scheduled for August 15, 2025.
The headline profit jump and special dividend are driven by a one-off land sale gain, not core construction business performance, so the stock may react with limited enthusiasm. Shareholders will receive a generous ₹5.80 per share dividend (subject to AGM approval), providing meaningful cash returns tied to monetisation of non-core real estate assets.