Please find enclosed herewith outcome of Board Meeting held on today i.e. Friday, 23rd May, 2025.
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The board approved audited standalone financial results for Q4 and FY ended March 31, 2025, along with a clean (unmodified) audit opinion from CKSP and Co LLP. Full-year revenue from operations rose to Rs. 3,004.19 lakhs from Rs. 2,288.32 lakhs in FY24, a jump of about 31%. Net profit for the year more than doubled to Rs. 435.76 lakhs from Rs. 183.71 lakhs (~137% growth), and basic EPS climbed to Rs. 3.29 from Rs. 1.49. Both segments contributed to growth – Manufacturing revenue rose to Rs. 1,142.59 lakhs and Job Work & Reconditioning jumped to Rs. 1,861.60 lakhs from Rs. 1,283.31 lakhs. The board recommended a final dividend of Re. 0.50 (10%) per share on a Rs. 5 face value, over and above the Re. 1 (20%) interim dividend already paid in February 2025.
Strong top-line and bottom-line growth, lower borrowings, and positive operating cash flow signal improving business health. The total dividend of 30% (interim plus final) is a positive for shareholders, though investors should watch the Rs. 75.84 lakh property tax dispute pending in court.