Recommended final dividend of Rs. 0.75 per Equity Share of Rs.10/- each, for the F.Y ended 31st March, 2025 subject to approval of shareholders at the ensuing AGM of the company.
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Parmeshwar Metal Ltd's board approved audited financial results for FY ended 31 March 2025. Revenue from operations rose about 26% to Rs. 1,382.4 crore from Rs. 1,100.2 crore in FY24. Net profit jumped roughly 54% to Rs. 10.98 crore from Rs. 7.13 crore, with basic EPS at Rs. 6.34 versus Rs. 5.13 a year ago. The board recommended a final dividend of Rs. 0.75 per equity share (on a Rs. 10 face value), subject to shareholder approval at the upcoming AGM. The board also appointed a new secretarial auditor (5-year term), an internal auditor, and a cost auditor for FY25-26. The company confirmed there was no deviation in the use of proceeds from its January 2025 public issue, of which Rs. 313 lakh remains unutilised.
Strong double-digit growth in both revenue and profit, along with a maiden dividend post its January 2025 BSE SME listing, is a positive signal for shareholders. The Rs. 0.75 dividend translates to 7.5% on face value, though the actual yield depends on the prevailing market price.