Please find attached herewith intimation regarding recommendation of Final Dividend for FY 2024-25 (please refer point no. 2 of the outcome)
Awaiting price reaction for this filing.
The Board approved audited financial results for Q4 and FY25 along with a final dividend of Re. 1 per share (100% on face value of Re. 1), subject to shareholder approval at the AGM. Record date fixed as August 16, 2025. On a standalone basis, FY25 revenue declined to Rs 4,661 Cr from Rs 5,042 Cr in FY24, while net profit fell to Rs 770 Cr from Rs 917 Cr (EPS Rs 11.91 vs Rs 13.96). Consolidated revenue dipped to Rs 5,376 Cr from Rs 5,455 Cr and net profit declined to Rs 813 Cr from Rs 936 Cr (EPS Rs 13.24 vs Rs 15.00). The Board approved a CAPEX plan to expand steel melting capacity by 50,000 MT and raise solar power capacity from 95 MWp to 125 MWp, and cleared raising of Rs 300 Cr in long-term debt from banks or financial institutions. Statutory auditors Singhi & Co. issued unmodified opinions on both standalone and consolidated results.
The 100% dividend is a positive for shareholders despite a decline in profits and revenues, signalling management's commitment to returns. The CAPEX expansion and Rs 300 Cr debt raise indicate management is investing for future growth, though rising debt and weaker earnings could pressure margins in the near term.