Indigo Paints Limited has informed the Exchange that Board of Directors at its meeting held on May 24, 2025, recommended Final Dividend of Rs. 3.50 per equity share.
INDIGOPNTS · price
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The Board of Indigo Paints, at its meeting on May 24, 2025, recommended a final dividend of Rs. 3.50 per equity share (35% on face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The dividend payout is unchanged from the previous year (also Rs. 3.50 per share). The Board also approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025, with statutory auditors Price Waterhouse issuing an unmodified opinion. For FY25, consolidated revenue rose about 2.6% to Rs. 1,34,067 lakhs, but net profit fell around 4.5% to Rs. 14,216 lakhs versus Rs. 14,883 lakhs in FY24, with basic EPS at Rs. 29.76 (vs Rs. 30.95). Q4 FY25 was stronger, with consolidated net profit up roughly 5.4% year-on-year at Rs. 5,740 lakhs. Additionally, DKV & Associates was appointed as Internal Auditor for FY26 and ARKS & Co LLP as Secretarial Auditor for a 5-year term from FY26 to FY30.
A flat dividend of Rs. 3.50 per share despite a slight decline in full-year profits signals stability rather than growth; shareholders will receive the same payout as last year once the AGM approves it. The mixed earnings (revenue up but profit down) along with unchanged dividend may limit near-term positive momentum for the stock.