The Board have recommended a final dividend of Rs. 2 per fully paid up equity share of Rs. 2 each and a special dividend of Rs. 1.60 per equity share aggregating to total dividend of Rs. ....
Awaiting price reaction for this filing.
Finolex Industries' Board met on May 23, 2025 and approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025. The Board recommended a final dividend of ₹2 per share plus a special dividend of ₹1.60 per share, aggregating to ₹3.60 per share (180% on face value of ₹2), subject to shareholder approval. Standalone revenue from operations was ₹4,141.97 Cr in FY25 vs ₹4,317.43 Cr in FY24, while standalone profit jumped to ₹777.86 Cr (from ₹455.30 Cr) largely on a ₹416.99 Cr exceptional item. EPS stood at ₹12.58 for FY25 (₹7.36 in FY24). The Board also noted the resignation of CHRO Mrs. Sarita Tripathi effective June 19, 2025, redesignated Mr. Rachit Agrawal as Head – Management Audit, rotated internal auditors from Ernst & Young LLP to M M Nissim & Co LLP, and re-appointed S. R. Bhargave & Co as Cost Auditors for FY26.
Shareholders stand to receive a strong total payout of ₹3.60 per share for FY25, though actual yield depends on the prevailing share price. The earnings beat on the back of an exceptional gain may not reflect core operating performance, given flat-to-slightly-declining revenues year-on-year. Auditor rotation and senior management changes are routine governance items with limited immediate market impact.