Steel Strips Wheels Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of Rs. 1.25 per equity share.
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Steel Strips Wheels Limited's Board of Directors, at its meeting on May 15, 2025, approved the audited standalone and consolidated financial results for Q4 and the financial year ended March 31, 2025, with statutory auditors M/s AKR & Associates issuing an unmodified opinion. For FY25, revenue from operations stood at approximately Rs. 4,357 crores, up from Rs. 4,129 crores in FY24, while profit after tax rose to about Rs. 158 crores from Rs. 106.6 crores in FY24, reflecting strong year-on-year growth. The Board recommended a final dividend of Rs. 1.25 per equity share (125% on face value of Re. 1) for FY 2024-25, subject to shareholder approval. The company also has a wholly-owned subsidiary (AMW Autocomponent Limited) and an associate (Clean Max Altria Private Limited).
Strong earnings growth and a healthy dividend payout are positive signals for shareholders, though the dividend yield depends on the prevailing share price. The clean audit opinion adds credibility to the reported numbers.