Board approved final dividend of 2% i.e. Re. 0.20/-per equity share on the face value of Rs. 10/ each for the FY 2024-25, subject to approval of shareholders.
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The board of Mitsu Chem Plast Ltd approved a final dividend of 2% (Rs. 0.20 per share) on a face value of Rs. 10 for FY 2024-25, subject to shareholder approval. The board also cleared audited financial results for Q4 and FY25, where revenue from operations rose to Rs. 33,227.84 lakhs (up from Rs. 31,124.99 lakhs last year), but profit after tax fell to Rs. 725.08 lakhs (from Rs. 886.22 lakhs), with EPS dropping to Rs. 5.39 from Rs. 7.12. The statutory auditor Gokhale & Sathe issued an unqualified opinion and was re-appointed for a second 5-year term. A new secretarial auditor was also appointed, and InCorp Advisory was re-appointed as internal auditor for FY 2025-26.
The Rs. 0.20 dividend is very small (a token payout) and is unlikely to move the stock. More importantly, the roughly 18% drop in full-year profit despite revenue growth points to margin pressure, which shareholders should watch closely. Auditor re-appointments are routine and have no material impact.