Declaration of Dividend for the Financial Year 2025-26
SURYALA · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Suryalata Spinning Mills board has recommended a 20% dividend (Rs. 2 per share on Rs. 10 face value) for FY 2025-26, payable only to non-promoter shareholders as promoters have voluntarily waived their dividend entitlement. The company also approved 8% dividend on preference shares. For FY 2025-26, standalone revenue was Rs. 47,199 lakhs (slight decline from Rs. 48,296 lakhs), but profit after tax surged to Rs. 2,894 lakhs from Rs. 982 lakhs in the previous year, representing a near 3x increase. EPS for standalone financials improved to Rs. 67.82 from Rs. 23.01. The company also appointed a new independent director and re-appointed internal and cost auditors.
The dividend declaration signals strong profitability and cash generation. The 195% jump in net profit is positive for shareholders, though the actual dividend amount is modest at Rs. 2 per share. Promoter waiver of dividend is an unusual but shareholder-friendly gesture.