Kirloskar Industries Limited has informed the Exchange regarding allotment of 3425 securities pursuant to ESOP/ESPS at its meeting held on May 20, 2025
KIRLOSIND · price
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Kirloskar Industries' board met on May 20, 2025 and approved standalone and consolidated audited results for Q4 and FY ended March 31, 2025 with an unmodified audit opinion from Kirtane & Pandit LLP. Standalone total income for FY25 stood at ₹120.57 Cr (vs ₹133.51 Cr in FY24), while profit after tax rose to ₹78.32 Cr (vs ₹74.63 Cr), supported by an exceptional gain of ₹6.10 Cr from reversal of ESAR charges on retirement of a director. The board recommended a final dividend of ₹13 (130%) per share, subject to shareholder approval, to be paid by September 12, 2025. Additionally, 3,425 equity shares were allotted under the ESARP 2019 scheme, marginally increasing paid-up capital. Mr. George Verghese was appointed as Managing Director for five years, and Ms. Pallavi Gokhale as an Independent Director effective July 1, 2025.
Shareholders will benefit from a healthy 130% dividend and a clean audit report, while the new MD appointment signals leadership continuity. The PAT growth was modest (~5%) and the company reported negative operating cash flow in FY25, which is worth monitoring despite the strong dividend payout.