Manaksia Aluminium Company Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, declared Select Dividend of Rs. 0.07 per equity share.
MANAKALUCO · price
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Manaksia Aluminium's Board, at its meeting on May 20, 2025, approved the audited standalone financial results for Q4 and FY ended March 31, 2025, with auditors giving an unmodified opinion. For FY25, revenue from operations rose to Rs 50,914.75 lakhs from Rs 43,249.30 lakhs in FY24, while net profit after tax grew to Rs 604.58 lakhs from Rs 508.57 lakhs, giving an EPS of Rs 0.92. The Board recommended a final dividend of Rs 0.07 per share (7% on face value of Re 1), subject to shareholder approval at the upcoming AGM; record date is yet to be announced. The company also disclosed a GST demand of Rs 12.48 crore plus Rs 1.25 crore penalty, which it is contesting and has made no provision for.
Modest dividend with healthy profit growth (~19% YoY) and strong revenue growth (~18% YoY) are positives for shareholders, though the dividend yield on market price is likely low. The pending GST demand of nearly Rs 14 crore is a key overhang to monitor, but management's view is that the case is strong and no provision has been made.