Board of Directors at their meeting held today i.e., May 12, 2025, approved the proposal of recommending the shareholders for a final dividend of INR. 1 per equity share of INR. 10/- each ....
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Walchand Peoplefirst Ltd's Board, at its meeting on May 12, 2025, approved audited financial results for Q4 and FY ended March 31, 2025. The company reported a strong jump in profitability, with total income rising to Rs. 34,155 lakhs (FY24: Rs. 29,600 lakhs) and profit after tax climbing to Rs. 1,502.55 lakhs (FY24: Rs. 240.54 lakhs), translating to EPS of Rs. 5.18. The Board recommended a final dividend of Rs. 1 per equity share (face value Rs. 10), subject to shareholder approval. The 105th AGM is scheduled for July 31, 2025 via video conference, with record date fixed as July 18, 2025 and dividend payment from August 3, 2025. Additionally, CNK & Associates LLP was re-appointed as Statutory Auditor for 5 years, Nilesh Shah & Associates as Secretarial Auditor for 5 years, and Mr. Joseph Andrew Jude Pereira as Independent Director for a second 5-year term.
For shareholders: A Rs. 1 dividend on a Rs. 10 face value is modest (10% on face value), and on market price the yield is likely low. The bigger positive is the sharp six-fold jump in net profit year-on-year, which signals a strong earnings recovery. The auditor and director re-appointments are routine and have no material impact.