Kalyani Steels Limited has informed the Exchange regarding Recommendation of Dividend for the Financial Year 2024-25
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Kalyani Steels' Board, at its May 5, 2025 meeting, approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, along with a 200% dividend recommendation. Standalone FY25 revenue from operations stood at Rs. 19,819 million vs Rs. 19,595 million last year, a marginal ~1.1% growth. Standalone FY25 profit after tax rose to Rs. 2,530 million from Rs. 2,475 million (~2.3% YoY), with EPS at Rs. 57.96 (vs Rs. 56.69). Q4 FY25 saw stronger PAT growth at ~27% YoY (Rs. 793 million vs Rs. 626 million). The Board has recommended a dividend of Rs. 10 per share on a Rs. 5 face value, subject to shareholder approval at the upcoming AGM. Auditor Kirtane & Pandit LLP issued an unmodified (clean) opinion on both sets of results, with no exceptional items reported.
The 200% dividend is a meaningful capital return, backed by robust operating cash flows of Rs. 3,826 million and an unqualified audit opinion, which should be viewed positively by income-focused investors. However, the very modest top-line and bottom-line growth signal a mature, low-expansion phase, so any upside is likely dividend-driven rather than earnings-led in the near term.