The Company in its Board Meeting held on 26.05.2025, approved and recommended the final Dividend at Rs. 5 per share subject to approval of the members in 52nd AGM.
MAJESAUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Majestic Auto's board, on May 26, 2025, approved audited financial results for FY25 with an unmodified (clean) auditor's opinion from Hari S. & Associates. On a standalone basis, the company swung to a loss after tax of Rs. 336.17 lakhs versus a profit of Rs. 2,325.17 lakhs in FY24, while revenue from operations nearly halved to Rs. 2,443.67 lakhs from Rs. 4,823.40 lakhs. Consolidated results were still profitable with a net profit of Rs. 879.37 lakhs (down from Rs. 3,309.67 lakhs), and revenue fell to Rs. 6,431.43 lakhs. The weakness is largely attributed to negative other income due to mark-to-market losses on equity, mutual fund, and AIF investments amid market volatility. The board recommended a final dividend of Rs. 5 per share, taking the total FY25 dividend to Rs. 10 per share (100% of face value), with the record date set for August 1, 2025 and the 52nd AGM scheduled for August 8, 2025. The company also appointed Neeta A & Associates as secretarial auditors for five years, approved a related-party transactions policy, and approved shifting its registered office within New Delhi effective September 1, 2025.
Despite the steep decline in standalone profitability and revenue, the company is returning capital to shareholders with a full 100% dividend and still generated strong operating cash flow (Rs. 70.87 crore standalone), but shareholders should note the significant investment-related losses, sharp drop in revenue, and a major cash burn that reduced cash equivalents from Rs. 317 crore to Rs. 44 crore.