The Board of Directors have recommended a final dividend @ 14% i.e. Rs. 0.14 /- per paid up equity shares of Rs. 1 each (subject to the deduction of TDS) subject to the approval of shareholders ....
Awaiting price reaction for this filing.
NBCC's board has recommended a final dividend of Rs. 0.14 per equity share (face value Rs. 1) for FY 2024-25, subject to shareholder approval at the AGM. Together with the interim dividend of Rs. 0.53 per share paid in March 2025, the total dividend for FY25 works out to Rs. 0.67 per share (Rs. 180.9 crore), up from Rs. 0.63 per share (Rs. 113.4 crore) in FY24. On a standalone basis, FY25 net profit rose 38% YoY to Rs. 476.11 crore from Rs. 344.36 crore, driven by total income of Rs. 8,943.71 crore (up ~8.7%) and EPS of Rs. 1.76 versus Rs. 1.28. Q4 alone saw a Rs. 95.96 crore exceptional charge largely tied to a write-down of the Kochi housing project following a Supreme Court order. The board also noted a 1:2 bonus issue completed in October 2024 raised the share base to 270 crore shares. Auditors flagged concerns on several legacy real estate projects (Kochi, Gurugram Green View, Faridabad land, NBCC Plaza) and tax disputes (DVAT, GST), alongside board composition lapses during the year now rectified.
Shareholders get a modestly higher dividend on a per-share basis despite a larger share count post-bonus, but the headline profitability boost is partially offset by large exceptional write-offs on stuck real estate projects and ongoing litigation/tax exposure that could weigh on future earnings.