In the BM held on May 21, 2025, Board approves the declaration of dividend @ 94.20%.
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The Board of Directors met on May 21, 2025 and approved a dividend of Rs. 9.42 per equity share (94.20% on face value of Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. Audited standalone results for FY25 showed revenue from operations at Rs. 26,841.47 lakhs, down about 8% from Rs. 29,242.13 lakhs in FY24, while profit after tax rose slightly to Rs. 1,177.31 lakhs from Rs. 1,164.35 lakhs. EPS stood at Rs. 15.70 versus Rs. 15.52 last year. The Board also accepted the resignation of Chairman & Managing Director Akinori Isomura effective June 30, 2025, and recommended Akio Fujita as his successor for a two-year term starting July 1, 2025. Statutory auditors BSR & Co LLP issued an unmodified opinion on the results.
The high dividend payout (94.2% of face value) is rewarding for shareholders, though it follows an FY24 payout at a similar level. Revenue contraction despite stable profits signals margin improvement. The CMD transition to a new Japanese parent-nominee is routine but worth watching for any strategic shifts.