The Board of Directors recommended final dividend of Rs. 0.15 per share for FY 2024-25 subject to approval of shareholders in ensuing Annual General Meeting
RAJOOENG · price
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Rajoo Engineers reported strong audited consolidated results for FY 2024-25 with revenue from operations rising ~28.5% to Rs. 25,365.51 lakhs (vs Rs. 19,735.02 lakhs in FY24). Consolidated net profit (before share of JV) jumped ~79% to Rs. 3,529.73 lakhs, and group consolidated net profit (including JV) grew ~81% to Rs. 3,811.64 lakhs. Basic EPS stood at Rs. 2.32 vs Rs. 1.28 in FY24. The board recommended a final dividend of Rs. 0.15 per share (Re. 1 face value) for FY25, subject to shareholder approval. Statutory auditors issued an unmodified audit opinion on both standalone and consolidated results. Internal and cost auditors were re-appointed for FY 2025-26.
Strong double-digit revenue and earnings growth, an unmodified audit opinion, and the resumption of dividends are positive signals for shareholders. The board also changed the designation of one director from Independent to Non-Independent, which slightly reduces the count of independent directors on the board.