Outcome of the Board meeting held on 07.05.2025
Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ended March 31, 2025. FY25 revenue from operations fell to Rs. 3,33,189.59 lakhs from Rs. 3,79,544.16 lakhs in FY24, a decline of about 12%. Profit after tax for FY25 came in at Rs. 14,371.27 lakhs (vs Rs. 15,481.52 lakhs in FY24), with EPS of Rs. 12.13 (vs Rs. 13.06). The board recommended a dividend of Rs. 1.50 per share for FY25, subject to shareholder approval. The company also appointed Cost, Internal, and Secretarial auditors and re-appointed an Independent Director. Statutory auditor PKF Sridhar & Santhanam LLP issued an unmodified opinion, though it flagged an Emphasis of Matter on a pending urea subsidy dispute and the proposed merger with Paradeep Phosphates Limited.
Lower top-line and bottom-line for the full year signal weak operational performance, but the dividend announcement and clean audit opinion offer some comfort. The pending merger with Paradeep Phosphates remains a key catalyst to watch for shareholders.