IVP Limited has informed the Exchange regarding 'Final Dividend for FY 2024-25'.
IVP · price
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IVP Limited's board approved a final dividend of Rs. 1 per share (10%) on equity shares of Rs. 10 each for FY 2024-25, subject to shareholder approval at the upcoming 96th AGM. The company also announced audited FY25 results: revenue from operations stood at Rs. 538.99 crore, slightly down from Rs. 546.10 crore last year, while net profit declined to Rs. 11.31 crore from Rs. 12.28 crore. EPS fell to Rs. 10.96 from Rs. 11.89. For Q4 FY25, revenue rose to Rs. 149.36 crore (from Rs. 142.23 crore), but profit dipped to Rs. 3.83 crore from Rs. 4.74 crore. Statutory auditors issued an unmodified opinion on the results. Additionally, Whole-time Director & CEO Mr. Mandar P. Joshi was reappointed for 3 years effective August 1, 2025, and new Secretarial and Cost Auditors were appointed.
The Rs. 1 per share dividend offers a modest payout to shareholders pending AGM approval, but the dip in FY25 profits and revenue may weigh on investor sentiment. Overall, this is a routine board outcome with no major surprises.