Pitti Engineering Ltd. has recommended a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2025, reaffirming its commitment to rewarding shareholders as the company continues its strong growth trajectory. The dividend proposal was made during the board meeting held on April 21, 2025, and is subject to approval at the upcoming Annual General Meeting.
Key Highlights:
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The recommended dividend of ₹1.50 per share follows a consistent track record, matching the previous year’s payout and reflecting the company’s stable cash flow and profitability.
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Pitti Engineering’s current market price stands at ₹1,042.40 per share, with a dividend yield of approximately 0.27%, underscoring its appeal to income-focused investors.
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The company reported an impressive 83% year-on-year jump in net profit to ₹28.76 crore in Q3 FY25, despite a sequential dip, and is forecasted to reach revenues of around ₹1,750 crore for FY25.
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Pitti Engineering has maintained robust financial health, with a return on equity (ROE) of 24.04% and a bullish outlook from analysts, who have set a target price of ₹1,343, indicating further upside potential.
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The dividend will be paid after shareholder approval at the AGM, with key dates for the record and payment to be announced in due course.
This dividend recommendation highlights Pitti Engineering’s focus on delivering consistent value to shareholders while sustaining its growth momentum in the capital goods sector.
Source: INDmoney, Economic Times, MarketScreener, Moneycontrol