Solex Energy Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2025, recommended Final Dividend of Rs. 0.55 per equity share.
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Solex Energy's Board, at its May 12, 2025 meeting, recommended a final dividend of Rs. 0.55 per share (5.50% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. The company also announced strong FY25 audited results, with standalone revenue from operations nearly doubling to Rs. 66,004.71 lakhs from Rs. 36,592.11 lakhs in FY24. Standalone profit after tax jumped to Rs. 3,960.17 lakhs (vs Rs. 873.48 lakhs), and EPS rose to Rs. 41.29 from Rs. 10.92. Consolidated revenue stood at Rs. 66,222.31 lakhs with PAT of Rs. 4,279.39 lakhs. The Board also re-appointed internal, cost, and secretarial auditors, and re-appointed Whole-Time Director Kalpeshkumar Patel for 3 years.
Strong FY25 earnings growth (PAT up ~350% YoY) and a maiden/sustained dividend signal improved profitability to shareholders. The dividend, though modest in absolute terms, reflects confidence in cash flows, while a sharp jump in receivables and inventories alongside negative operating cash flow may warrant investor attention.