Neelamalai Agro Industries Ltd has announced a final dividend of ₹30 per share for the financial year 2024-25, reinforcing its commitment to shareholder returns. The company continues to maintain strong financial performance, supported by steady revenue growth and strategic investments in the tea and coffee sector.
Key Highlights
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Dividend Announcement: The Board of Directors has recommended a ₹30 per share dividend, subject to shareholder approval.
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Dividend History: The company has consistently rewarded investors, previously declaring ₹50 per share in FY24 and ₹30 per share in FY23.
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Financial Performance: Neelamalai Agro reported robust earnings, with a steady increase in revenue and profitability over the past fiscal year.
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Market Reaction: Following the announcement, the company’s stock price remained stable, reflecting investor confidence in its long-term growth strategy.
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Sector Outlook: The tea and coffee industry continues to see strong demand, with Neelamalai Agro positioned as a leading player in premium plantation exports.
Neelamalai Agro Industries’ consistent dividend payouts highlight its financial stability and shareholder-friendly approach, making it a preferred choice for long-term investors.
Source: Moneycontrol, Economic Times, BlinkX