Outcome of Board Meeting Considering Audited Financial Results for Quarter and Year ended March 31, 2025 along with Declaration of First Interim Dividend.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Consolidated total income fell sharply to Rs. 4,022.70 lakhs (from Rs. 6,766.00 lakhs in FY24), but net profit jumped to Rs. 978.95 lakhs (from Rs. 317.57 lakhs), with EPS rising to Rs. 8.50 from Rs. 2.92. Standalone net profit also rose to Rs. 923.78 lakhs (from Rs. 317.20 lakhs). The Board recommended a small first interim dividend of Rs. 0.10 per share (record date May 30, 2025) and a 1:1 bonus share issue, doubling the share count. Authorised share capital will be raised from Rs. 20 crore to Rs. 25 crore. The statutory auditor issued an unmodified (clean) opinion. An EGM is set for June 13, 2025, and Mr. Dhaval Lapasia has been appointed CEO effective July 1, 2025.
Despite a steep drop in revenue, sharp profit growth signals better margins, which is positive for shareholders. The 1:1 bonus issue effectively doubles share count, which may pressure the stock price short-term but increases liquidity. The tiny Rs. 0.10 dividend is largely symbolic; the bonus is the real shareholder reward.