International Conveyors Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
INTLCONV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
International Conveyors Limited's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditors G.P. Agrawal & Co. issuing an unmodified (clean) opinion. On a consolidated basis, revenue from operations rose about 13% to Rs. 151.85 crore, while profit after tax jumped nearly 47% to Rs. 91.71 crore (EPS of Rs. 14.47 vs Rs. 9.82). Standalone PAT grew roughly 23% to Rs. 76.25 crore. The board also recorded an exceptional item of Rs. 16.62 crore representing full impairment of the company's investment in its Singapore subsidiary Conveyors Holdings Pte Ltd, which is being shut down, and approved acquiring ICL Australia as a direct subsidiary subject to RBI approval. A final dividend of Rs. 0.75 per share (75% of face value) was recommended for FY25, and M/s Lodha & Co. LLP was re-appointed as internal auditor for FY26.
Strong earnings growth driven largely by investment/treasury income, but the Rs. 16.62 crore one-time write-off in the Singapore subsidiary will weigh on reported standalone profits. The healthy final dividend and clean audit opinion are positive signals for shareholders.