The Board of Directors approved a Final dividend of Rs. 6/- per share and additionally a special dividend of Rs. 3/- Per share, subject to approval of shareholders at the ensuing 63rd ....
Awaiting price reaction for this filing.
Coromandel International's board approved a Final dividend of Rs. 6 per share plus a Special dividend of Rs. 3 per share (total Rs. 9 per share, 900% on face value of Re. 1), subject to shareholder approval. Record date is July 17, 2025, with payment by August 23, 2025; the 63rd AGM is scheduled for July 24, 2025. Consolidated FY25 results show total income of Rs. 24,444 crore (up ~9.7% YoY) and net profit of Rs. 2,055 crore (up ~25% YoY), with EPS of Rs. 71.12. The company acquired an additional 8.82% stake in Baobab Mining (Senegal) for Rs. 33.29 crore via its WOS, making it a subsidiary from March 27, 2025. It also signed an SPA to acquire up to 53.13% in NACL Industries, triggering a mandatory open offer. Additionally, Rs. 65 crore equity infusion was approved in Coromandel Chemicals for a gypsum-based building materials joint venture.
The combined Rs. 9 dividend reflects strong cash generation and a shareholder-friendly payout policy, though the stock would need to be held before July 17, 2025 to qualify. Strong 25% profit growth, international expansion (Senegal), and the NACL acquisition signal continued business momentum that could be viewed positively by the market.