The Grob Tea Company Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2025, recommended Final Dividend of 3 per equity share.
GROBTEA · price
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Awaiting price reaction for this filing.
The Grob Tea Company announced audited financial results for Q4 and FY ended March 31, 2025, along with a final dividend of Rs. 3 per equity share, up 50% from Rs. 2 in the previous year. Total income for FY25 grew to Rs. 12,586.79 lakhs from Rs. 10,406.83 lakhs, a rise of about 21% year-on-year. The company swung back to a profit after tax of Rs. 1,005.63 lakhs in FY25, compared to a marginal loss of Rs. 0.73 lakhs in FY24, with basic EPS of Rs. 86.52. The statutory auditor (GARV & Associates) issued an unmodified opinion, but flagged an emphasis of matter regarding a Rs. 356.15 lakhs investment in a dormant LED Lights business that has not seen any sales for five years. The Board also approved re-appointment of the Whole-time Director and an Independent Director, appointed Secretarial, Internal and Cost Auditors for FY26, and fixed August 12, 2025 as the AGM date with August 5, 2025 as the record date for dividend eligibility.
A 50% hike in dividend and a sharp swing to profitability, combined with over 20% revenue growth, are positive signals for shareholders. However, investors should note the auditor's emphasis of matter on the unrecovered Rs. 356.15 lakhs stuck in the inactive LED Lights segment, which remains a watch item.