Recommended a final dividend of Re.1/- per equity share.
MENNPIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Menon Pistons recommended a final dividend of Re.1 per equity share (100% on face value of Re.1), totaling about Rs.510 lakhs, subject to shareholder approval at the AGM on July 30, 2025. Audited standalone results for FY25 show revenue from operations nearly flat at Rs.212.35 crore (vs Rs.210.87 crore), but profit after tax fell sharply by about 28% to Rs.17.32 crore (vs Rs.24.20 crore) due to higher operating expenses and depreciation. EBITDA/PBT margins compressed notably from around 19% to 15%. The auditor (P G BHAGWAT LLP) issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also appointed a new Internal Auditor, Cost Auditor, Secretarial Auditor (for 5 years), and a new Company Secretary & Compliance Officer.
While the dividend signals some confidence and shareholder return, the ~28% drop in standalone profit and margin compression are negatives that may weigh on the stock. The clean audit and stable topline provide some comfort, but investors should watch for margin recovery in upcoming quarters.