Recommendation of Final Dividend for FY 2024-25
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Radix Industries (India) Ltd's board has recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The company, engaged in human hair processing, reported a strong year with total income of Rs. 48.34 crore (up from Rs. 33.13 crore in FY24) and net profit of Rs. 2.63 crore (up from Rs. 2.23 crore), translating to an EPS of Rs. 1.75. Based on the cash flow statement showing Rs. 1.00 per share paid as dividend in FY24, this new dividend represents a 50% cut. The auditor issued an unmodified opinion on the financial results.
Despite solid revenue and profit growth, the 50% dividend cut (from Rs. 1.00 to Rs. 0.50 per share) may disappoint income-focused shareholders and could put short-term pressure on the stock. However, the strong operational performance and zero debt position are positive long-term signals.