Annual Report for the Financial Year 2024-2025
NEAGI · price
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Neelamalai Agro Industries has filed its 82nd Annual Report for FY 2024-25 along with the AGM notice. Total income declined 10.21% to Rs. 3,161.45 Lakhs from Rs. 3,521.06 Lakhs in the previous year. Profit after tax dropped sharply to Rs. 344.92 Lakhs versus Rs. 2,087.51 Lakhs in FY24, mainly because last year's profit included exceptional items of Rs. 1,773.60 Lakhs. EPS fell to Rs. 55.45 from Rs. 335.58. Tea production was lower at 13.14 lakh kg (vs 14.31 lakh kg) with yield at 2,308 kg/hectare, but sale average improved to Rs. 150.18/kg from Rs. 132.60/kg. The Board has recommended a 300% dividend (Rs. 30 per share) totaling Rs. 186.62 Lakhs. The 82nd AGM is scheduled for August 18, 2025 via video conferencing.
The steep profit decline looks alarming on the surface but is largely a base-effect issue, as FY24 was boosted by one-time exceptional income. Core tea operations remain stable and are benefiting from better realisations. The continued 300% dividend payout signals healthy cash generation and rewards shareholders despite the lower headline profit.