Usha Martin Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2025, recommended Final Dividend of Rs. 3 per equity share.
USHAMART · price
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On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 0.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Usha Martin's Board met on May 12, 2025 and approved audited consolidated results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion from S.R. Batliboi & Co. LLP. Consolidated revenue from operations grew to Rs. 3,47,416 lakhs in FY25 from Rs. 3,22,520 lakhs in FY24 (~7.7% growth), while profit after tax rose to Rs. 41,637 lakhs from Rs. 33,412 lakhs (~24.6% growth), taking basic EPS to Rs. 13.37. The Board recommended a final dividend of Rs. 3 per equity share of Re. 1 face value (300%) for FY25, subject to shareholder approval at the upcoming AGM. Additionally, Mr. Chirantan Chatterjee was appointed as Whole-Time Director for 5 years, and new Secretarial, Cost, and Internal Auditors were appointed for FY25-26.
Strong FY25 earnings with ~25% PAT growth and a healthy 300% dividend (Rs. 3/share) signal robust shareholder rewards. However, ongoing PMLA/CBI legal proceedings related to past iron ore fines sales and attached Ranchi land parcels remain a key risk overhang that investors should track. The dividend yield attractiveness depends on the current market price.