Dividend - Board Recommends Dividend of 1 % (Rs 0.10) per share on the equity share of Rs 10 each subject to shareholders approval in the Annual General Meeting.
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The Board of Wires & Fabriks (SA) Ltd has recommended a small dividend of 1% (Rs 0.10 per share) on equity shares of Rs 10 each, subject to shareholder approval at the upcoming AGM. Alongside this, the company announced its audited results for Q4 and full year ended 31 March 2025, with the statutory auditor issuing an unmodified (clean) opinion. Revenue from operations for FY25 stood at Rs 10,902 Lacs, up marginally from Rs 10,860 Lacs in FY24, while profit before tax jumped to Rs 211 Lacs from Rs 131 Lacs; profit after tax was nearly flat at Rs 150 Lacs (FY24: Rs 149 Lacs) and EPS came in at Rs 4.92. The company's expansion and modernisation project has been completed during the year.
The 1% dividend is token-level and signals capital conservation rather than a reward event for shareholders. While operating profits improved, the sharp rise in borrowings (total debt rose from ~Rs 8,238 Lacs to ~Rs 12,634 Lacs, funded the expansion project) has increased the debt-to-equity ratio meaningfully, which investors should monitor going forward.