Plastiblends India Limited has informed the Exchange that Board of Directors at its meeting held on April 28, 2025, recommended Final Dividend of Rs. 2.50 per equity share.
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Plastiblends India Limited's board, at its April 28, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025. FY25 revenue from operations fell 2.71% YoY to Rs. 78,045 lakhs, while net profit declined 3.14% to Rs. 3,344 lakhs. Q4 FY25 showed sequential recovery, with revenue up 8% QoQ at Rs. 19,916 lakhs and PAT up 42.5% QoQ at Rs. 957 lakhs. The board recommended a final dividend of Rs. 2.50 per share (50% on Rs. 5 face value), down sharply from Rs. 4.25 per share (85%) in the previous year. The company stated the lower dividend is to conserve cash for capex and to navigate global trade tensions and tariff-related uncertainties. Various statutory, secretarial, cost, and internal auditors were appointed, along with re-appointments and a new independent director.
The dividend cut from Rs. 4.25 to Rs. 2.50 (a ~41% reduction) may disappoint income-focused shareholders and could weigh on the stock in the near term. However, the company's rationale of preserving liquidity for capex and weathering tariff/geopolitical headwinds is reasonable, and the sequential Q4 recovery in revenue and margins is a positive signal.