Indian Hume Pipe Company Limited has informed the Exchange regarding a revised press release dated May 14, 2025, titled "Revised Press Release as per attached letter after insertion of dividend amount on page No 2.".
INDIANHUME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company reported FY2024-25 total income of INR 1,500.17 Crores (vs INR 1,397.25 Crores in FY24), with full-year EBITDA of INR 195.12 Crores and net profit of INR 558.05 Crores (vs INR 77.63 Crores last year). The surge in net profit is largely due to a one-time gain of INR 545.22 Crores from the sale of freehold land in Yelahanka, Bengaluru to a Godrej Properties subsidiary for INR 559 Crores. Order book stands at INR 4,002.48 Crores, up from INR 3,698.17 Crores a year ago, with new orders worth INR 1,325.37 Crores received during the year and INR 769.43 Crores pending as L1. The Board has recommended a total dividend of INR 5.80 per share (290% of face value), including a special dividend of INR 4 per share funded by the land sale, subject to shareholder approval. Capacity expansion at Walwa and Dhule plants was completed at a capex of INR 46 Crores through internal accruals, and the company completed 12 projects worth INR 2,437.74 Crores during the year.
The headline net profit spike is driven by a one-time land sale rather than core operations, and Q4 core EBITDA actually fell to INR 59.10 Crores from INR 77.07 Crores, so investors should look beyond the exceptional item. The growing order book, special dividend of INR 4 per share, and fully self-funded capacity expansion are positive signals for shareholders.