Recommended a final dividend of Re.1/- per equity share
MENNPIS · price
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Awaiting price reaction for this filing.
The Board of Menon Pistons has recommended a final dividend of Re.1 per equity share (100% on face value of Re.1), aggregating to Rs.510 lakhs for FY25, subject to shareholder approval at the 48th AGM on July 30, 2025. This is unchanged from the previous year's dividend. The Board also approved audited FY25 results — standalone profit after tax declined sharply to Rs.1,732 lakhs from Rs.2,420 lakhs in FY24, on revenue of Rs.21,235 lakhs vs Rs.21,087 lakhs. Consolidated PAT was Rs.2,389 lakhs vs Rs.2,685 lakhs in FY24. The auditor issued an unmodified opinion.
Stable dividend despite a ~28% drop in standalone profits signals management's commitment to consistent shareholder returns, though the earnings decline may raise questions about payout sustainability. Dividend yield and total return will depend on the current market price; profit weakness is a mild negative signal.