Outcome of Board Meeting- Recommendation of final dividend
Awaiting price reaction for this filing.
APL Apollo Tubes Limited's Board approved audited consolidated FY25 results showing revenue from operations of ₹20,689.54 crore (up ~14% from ₹18,118.80 crore in FY24) and profit after tax of ₹757.06 crore (up ~3.4% from ₹732.44 crore). Standalone PAT fell about 26% to ₹335.59 crore from ₹453.71 crore, with operating margin compressing to 5.80% from 6.58%. The Board recommended a final dividend of ₹5.75 per share (287.5%) on a ₹2 face value for FY25. A ₹1,500 crore capital expenditure plan over three years was approved, raising capacity from 4.5 Mn Ton to 6.8 Mn Ton. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion. Chairman & MD Sanjay Gupta voluntarily surrendered his remuneration for Feb–Mar 2025 and commission for FY24-25 and FY25-26.
Shareholders stand to receive a healthy final dividend subject to AGM approval, but the weaker standalone earnings and margin compression suggest cost pressures. The ₹1,500 crore capex signals management confidence in long-term demand, though it may strain near-term returns. The CMD's voluntary remuneration surrender is a positive governance signal.