Outcome of Meeting held on 6th May 2025
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for the year ended 31st March 2025, along with a final dividend of Rs. 11 per share (550% on face value of Rs. 2), subject to shareholder approval. On a standalone basis, total revenue from operations fell sharply to Rs. 2,138.36 Cr from Rs. 3,734.30 Cr last year, largely because FY24 had one-time gains from the sale of stakes in Shriram Investment Holdings and Shriram Finance. Despite the revenue drop, full-year profit rose to Rs. 503.73 Cr from Rs. 474.05 Cr. The Q4 quarter, however, swung to a small standalone loss of Rs. 23.33 Cr versus a Rs. 953.54 Cr profit in Q4 FY24 (which had exceptional AIF reversals). During the year, the company invested Rs. 600 Cr into its wholly-owned subsidiary Piramal Finance Limited via a rights issue.
Shareholders will receive a healthy Rs. 11 per share dividend, but the weak Q4 standalone loss and steep revenue decline may draw investor attention. The conversion of subsidiary PFL from HFC to NBFC-ICC (effective April 2025) and the ongoing composite scheme of arrangement are structural changes that could reshape the group going forward.