Submission of outcome of Board Meeting w.r.t. Recommendation of Final Dividend for FY 2024-25 subject to approval of Shareholders in ensuing Annual General Meeting
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The board has recommended a final dividend of Rs. 0.60 per equity share (30% on Rs. 2 face value) for FY2024-25, pending shareholder approval at the upcoming AGM on June 27, 2025. For the full year, standalone revenue from operations rose to Rs. 13,522 lakhs from Rs. 11,092 lakhs, while standalone profit after tax jumped about 83% to Rs. 2,213 lakhs from Rs. 1,211 lakhs. Basic EPS climbed to Rs. 14.81 from Rs. 8.19, and consolidated PAT grew to Rs. 1,989 lakhs. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The board also approved a new ESOP 2025 scheme allowing up to 3.10 lakh stock options to eligible employees and reappointed L.N. Joshi & Company as secretarial auditor for five years.
A solid profit jump of over 80% YoY combined with a dividend declaration is a positive signal for shareholders. The ESOP plan could cause minor future dilution, but overall the results show strong earnings momentum for this small-cap broking and investment services firm.