Board in its meeting held on May 17, 2025 approves recommendation of Dividend for the FY 2024-25 for approval of members in the ensuing Annual General Meeting.
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The Board of Krishanveer Forge Limited approved audited financial results for FY 2024-25 and recommended a final dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10), subject to shareholder approval. For the full year, revenue from operations stood at Rs. 8,279.65 lakhs (marginally down from Rs. 8,361.81 lakhs last year), while profit after tax jumped to Rs. 563.71 lakhs from Rs. 398.98 lakhs, a growth of about 41%. EPS rose to Rs. 5.15 from Rs. 3.65. Statutory auditors M/s Gokhale, Tanksale & Ghatpande issued an unmodified (clean) opinion on the results. The Board also approved the appointment of M/s Satish & Satish as Secretarial Auditor for a 5-year term and revised the Insider Trading Policy in line with recent SEBI amendments.
Strong profit growth despite flat-to-slightly-lower revenue signals improving margins and cost discipline, which is positive for shareholders. The Rs. 2.50 per share dividend offers a decent yield for investors, and the clean audit opinion with no debt on the books reinforces confidence in the company's financial health.