Seshasayee Paper and Boards Limited has informed the Exchange regarding Outcome of Board Meeting held on May 10, 2025.
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The Board approved audited standalone and consolidated financial results for FY ended March 31, 2025. Standalone revenue from operations fell ~2.6% YoY to ₹1,754.11 crores, while profit after tax dropped sharply by ~60% to ₹104.56 crores (from ₹259.37 crores). Q4 FY25 PAT was ₹25.63 crores, down ~52% YoY. Consolidated PAT fell to ₹109.17 crores from ₹270.77 crores. The Board recommended a dividend of ₹2.50 per share (125% on face value of ₹2) for FY25, subject to shareholder approval at the 65th AGM on June 14, 2025. Auditor Suri & Co issued an unmodified opinion. The 65th AGM is scheduled for June 14, 2025.
Sharp profit decline despite stable revenue signals significant cost pressure, likely from higher raw material and power costs. Operating cash flow turned sharply negative (₹61.30 crores vs ₹202.20 crores last year), with rising inventory and receivables forcing the company to take on ₹60.86 crores in new borrowings. The dividend payout remains a positive for shareholders, but margin compression and weaker cash generation are concerns.