Indo-National Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, declared Dividend of Rs. 5 per equity share.
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Indo-National Limited's Board, at its May 20, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with a recommended dividend of Rs. 5 per equity share (100%) subject to shareholder approval. On a standalone basis, FY25 revenue from operations dipped slightly to Rs. 45,797 lakhs (vs Rs. 46,608 lakhs) while profit after tax fell sharply to Rs. 101 lakhs (vs Rs. 670 lakhs); Q4 standalone slipped into a loss of Rs. 263 lakhs. Consolidated PAT jumped to Rs. 12,195 lakhs (vs Rs. 1,464 lakhs), driven largely by a one-time gain of Rs. 18,994 lakhs in 'other income' from the divestment of step-down subsidiary Kineco Ltd in June 2024. The Board also appointed M Damodaran & Associates as Secretarial Auditor (5-year term) and B Thulasiram & Co as Cost Auditor (1-year term). The statutory auditor issued an unmodified opinion on the results.
The Rs. 5 per share dividend signals continuity of payouts despite weak standalone earnings, which may reassure income-focused investors. However, the sharp standalone PAT contraction, Q4 loss, negative standalone operating cash flow, and reliance on a one-time gain to prop up consolidated profits are negatives that could weigh on the stock. The pending CCI penalty of Rs. 4,226 lakhs (with no provision made) remains an overhang.