Intimation of Incorporation of a Subsidiary Company.
MAFATIND · price
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The board of Mafatlal Industries met on May 13, 2025 and approved several items. Key highlights: (1) Audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 — standalone FY25 revenue grew ~35% YoY to Rs. 2,807.23 crore, while profit after tax was Rs. 98.14 crore versus Rs. 98.75 crore last year; Q4 FY25 revenue was Rs. 449.70 crore. (2) Recommended a final dividend of Re. 1 per share (50% of face value) for FY25, with record date July 25, 2025 and AGM on August 4, 2025. (3) Approved in principle the incorporation of a new subsidiary company. (4) Appointed new Cost, Internal, Secretarial, and Tax auditors. (5) Mrs. Smita Jhanwar will take over as CFO from June 1, 2025, replacing Mr. Milan Shah who retires on May 31, 2025. Note: a subsidiary Pieflowtech Solutions Pvt Ltd was already incorporated on October 18, 2024.
Healthy top-line growth in FY25 supports the business, though profits were largely flat. The Re. 1 dividend offers a modest payout to shareholders. The new subsidiary signals intent to expand into a new business line, which could be a long-term positive but details remain undisclosed.