MUKANDLTD · price
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Awaiting price reaction for this filing.
Mukand Limited's board approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025, with an unmodified (clean) opinion from auditors DHC & Co. Total income stood at Rs. 4,929.74 crore (down from Rs. 5,190.57 crore restated), with profit after tax at Rs. 86.95 crore versus Rs. 104.06 crore in the prior year. The board recommended a dividend of Rs. 2 per equity share (20%) for FY25, subject to shareholder approval. It also approved transferring its EOT Cranes and materials handling business to wholly owned subsidiary Mukand Heavy Engineering Limited via a slump sale (the business contributed ~4.6% of FY25 revenue and ~4.5% of net worth), expected to close by September 30, 2025. Additionally, DHC & Co. was re-appointed as statutory auditor for a second 5-year term, and a new secretarial auditor was appointed.
The clean audit opinion and steady dividend should reassure shareholders, while the decline in FY25 profit (down from Rs. 104 crore to Rs. 87 crore) and ~5% drop in revenue warrant attention. The slump sale is largely a cosmetic restructuring since the buyer is a wholly owned subsidiary, so no real cash flows to shareholders—it simply carves out the industrial machinery division for sharper focus on the core steel business.