Laxmi Organic Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, recommended Final Dividend of Rs. 0.50 per equity share.
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Laxmi Organic Industries' board met on May 20, 2025, and approved audited standalone and consolidated financial results for FY25, along with a final dividend of Rs. 0.50 per share (25% on face value of Rs. 2), subject to shareholder approval at the AGM on July 31, 2025. Standalone revenue from operations grew modestly to Rs. 2,944.6 crore (vs Rs. 2,824.2 crore in FY24, ~4% growth), but profit after tax declined to Rs. 118.0 crore from Rs. 127.4 crore (~7% drop), with basic EPS falling to Rs. 4.27 from Rs. 4.71. Consolidated PAT also dipped to Rs. 113.5 crore from Rs. 120.5 crore. The board re-appointed Harshvardhan Goenka as Whole-time Director for 5 years, appointed new secretarial, cost, and internal auditors, and extended ESOP-2024 benefits to employees of subsidiaries and associates. The merger of wholly owned subsidiary Yellowstone Fine Chemicals became effective March 30, 2025, leading to restatement of prior period comparatives.
The final dividend of Rs. 0.50 per share offers a modest yield for shareholders, but the dip in profit despite revenue growth points to margin pressure from higher raw material and other expenses, which may weigh on near-term sentiment. The amalgamation restatement and significant rise in short-term borrowings (from Rs. 38.5 crore to Rs. 210.7 crore standalone) are also worth tracking.