Mangalore Chemicals & Fertilizers Limited has informed the Exchange that Board of Directors at its meeting held on May 07, 2025, recommended Final Dividend of Rs. 1.50 per equity share.
Awaiting price reaction for this filing.
The Board of Mangalore Chemicals & Fertilizers (MCFL) met on May 7, 2025 and approved audited results for Q4 and FY25, recommending a final dividend of Rs. 1.50 per share (face value Rs. 10) — a 15% payout — subject to shareholder approval. Total income for FY25 fell to Rs. 3,368.5 crore from Rs. 3,836.7 crore in FY24 (a ~12% decline), while profit after tax slipped to Rs. 143.7 crore from Rs. 154.8 crore (~7% lower), translating to EPS of Rs. 12.13 vs Rs. 13.06. The Board also appointed new Cost, Internal, and Secretarial Auditors and re-appointed Mr. Marco Wadia as Independent Director for a second 5-year term. Statutory auditor PKF Sridhar & Santhanam LLP issued an unmodified opinion but flagged two Emphasis of Matter items: a pending Rs. 29.14 crore urea subsidy dispute at the Delhi High Court and the proposed merger with Paradeep Phosphates Limited awaiting regulatory approvals. Cash from operations also weakened sharply to Rs. 271.3 crore from Rs. 496.3 crore, mainly due to higher working capital absorption.
Shareholders get a steady dividend, but the year-on-year decline in revenue, profit, and operating cash flow is a mild negative. The bigger story is the ongoing merger with Paradeep Phosphates, which could significantly reshape the company and warrants close tracking of regulatory approvals.