Wealth First Portfolio Managers Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2025, recommended Final Dividend of Rs. 4 per equity share.
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.0 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Wealth First Portfolio Managers reported FY25 standalone total income of Rs. 5,896 lakhs, down from Rs. 6,648 lakhs last year, with net profit of Rs. 3,371 lakhs versus Rs. 4,238 lakhs in FY24 (a ~20% decline). The fourth quarter swung to a standalone net loss of Rs. 427 lakhs, largely due to a Rs. 198 lakh cyber fraud (net loss of Rs. 150.59 lakhs after recovery) booked as an exceptional item. The board recommended a final dividend of Rs. 4 per share (40% on face value of Rs. 10), subject to shareholder approval. Following SEBI's in-principle approval to sponsor a mutual fund, the company will incorporate two wholly-owned subsidiaries — an Asset Management Company (WealthMark/Lakshya AMC) and a Trustee Company (Lakshya Trustee). Consolidated FY25 net profit stood at Rs. 3,415 lakhs, down from Rs. 4,268 lakhs. The statutory auditor issued an unmodified opinion.
Profitability shrank year-on-year and the Q4 loss from the cyber fraud may weigh on near-term sentiment, but the dividend and the move into mutual fund business signal confidence and a new growth avenue. Shareholders will benefit from the Rs. 4 dividend (subject to AGM approval) once the AMC and Trustee subsidiaries are operational.