Outcome of meeting of the Board of Directors held on May 27, 2025 approving financial results, dividend and other matters is enclosed.The meeting of the Board of Directors commenced at 12:45 hrs and concluded at 13:33 hrs. (IST).
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditors (BSR & Co. LLP) issuing an unmodified opinion. Standalone revenue rose marginally to Rs 3,405.92 cr from Rs 3,366.03 cr, but profit after tax fell to Rs 49.61 cr from Rs 66.62 cr; consolidated revenue dipped to Rs 3,405.75 cr from Rs 3,462.73 cr with PAT of Rs 37.65 cr versus Rs 54.76 cr. Comparatives were restated to reflect the merger of fellow subsidiaries Rane Brake Lining and Rane Engine Valve with the company, effective April 1, 2024 (NCLT order March 24, 2025). The board recommended a dividend of Rs 8 per share (80% of face value) for FY25, subject to shareholder approval, and fixed August 5, 2025 as the AGM date. Other items include appointing Vikram Taranath Hosangady as Independent Director and reappointing BSR & Co. LLP as statutory auditors for a second 5-year term.
Higher dividend is a positive for shareholders, but the decline in both standalone and consolidated profit despite the merger-driven scale-up suggests margin pressure, which may temper near-term stock sentiment. The completed amalgamation expands the combined entity's auto component footprint, supporting longer-term revenue and cost synergies.