International Conveyors Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2025, recommended Final Dividend of 0.75 per equity share.
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, at its May 14, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion from G.P. Agrawal & Co. The Board recommended a final dividend of Rs. 0.75 per equity share (75% of Re. 1 face value) for FY25. On a standalone basis, total income rose to Rs. 245.48 crore (vs Rs. 204.57 crore last year) and profit after tax grew to Rs. 76.25 crore (vs Rs. 62.13 crore). Consolidated PAT jumped to Rs. 91.71 crore from Rs. 62.39 crore, with consolidated EPS at Rs. 14.47 (vs Rs. 9.82). The company also booked an exceptional loss of Rs. 16.62 crore on impairment of its Singapore subsidiary Conveyors Holdings Pte Limited (CHPL), which is being wound down, and approved taking ICL Australia direct by investing AUD 100. M/s Lodha & Co. LLP was re-appointed as Internal Auditor for FY26.
Strong earnings growth and a healthy final dividend are positive for shareholders. The subsidiary impairment is a one-time, already-booked charge and unlikely to materially affect future earnings, while the restructuring simplifies the group structure.