Mangalam Cement Limited has informed the Exchange that Board of Directors at its meeting held on May 10, 2025, recommended Final Dividend of 1.50 per equity share.
MANGLMCEM · price
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The Board of Directors of Mangalam Cement Limited, at its meeting on May 10, 2025, recommended a final dividend of Rs. 1.50 per equity share (face value Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. The total dividend payout works out to roughly Rs. 4.12 crore on 2.75 crore shares, which is the same as what was paid in the previous year. The Board also approved the audited standalone financial results for Q4 and FY ended March 31, 2025, which were issued with an unmodified (clean) opinion by statutory auditors Singhi & Co. For the full year, revenue from operations stood at Rs. 1,680.99 crore (down from Rs. 1,725.48 crore in FY24) and net profit came in at Rs. 45.06 crore (down from Rs. 59.72 crore, a decline of about 25%). Power and fuel costs dropped sharply to Rs. 458.45 crore from Rs. 561.47 crore, but overall profitability was lower. The Board also appointed Pinchaa & Co. as Secretarial Auditors for a 5-year term starting FY26.
The dividend is unchanged from last year, so no real income surprise for shareholders. With profits falling roughly 25% YoY, the flat dividend suggests the company is prioritizing returning cash despite weaker earnings, but the declining profitability is a concern that may weigh on investor sentiment in the short term.