Recommendation of final dividend for the FY 2024-25
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The Board of Radix Industries has recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. For FY25, the company posted total income of Rs. 4,834.26 lakhs, up about 46% from Rs. 3,313.17 lakhs in FY24. Net profit rose roughly 18% to Rs. 262.73 lakhs versus Rs. 223.48 lakhs last year, with EPS at Rs. 1.75 (vs Rs. 1.49). Q4 FY25 profit, however, dipped to Rs. 67.43 lakhs from Rs. 99.81 lakhs in Q4 FY24. The statutory auditor issued an unmodified opinion on the results.
The Rs. 0.50 dividend is half of last year's Rs. 1.00 per share payout, signalling a 50% cut that may disappoint income-seeking shareholders. Strong full-year revenue and profit growth, combined with a clean audit, support the underlying business, but near-term sentiment could be muted by the lower dividend.