This leading provider of specialised refractory products and engineering solutions announced its Q4 FY25 results, where it reported strong QoQ results, with a dividend & Bonus announcement.
With a market capitalisation of Rs. 1,836 Crore, the stock of IFGL Refractories opened at Rs. 502.30, which is the same level as yesterday’s close. But after opening, it made a high of Rs. 520.70, up 3.66 percent. Additionally, the yearly return for the stock is -19 percent, and the past 5-year return for the stock is 420 per cent.
Financial Highlights, Dividend Recommendation & Bonus Issue
The company reported a 13.95 percent YoY increase in revenue from Rs. 394 Crore in Q4FY24 to Rs. 449 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 18.46 percent in revenue from Rs. 379 Crore in the previous quarter.
Their Net profit saw a decline on a YoY basis from Rs. 12.54 Crore to Rs. 8.43 Crore for the same period. On a QoQ basis, the company reported a turnaround from a loss of Rs. 2.18 Crore to a Profit of 8.43 Crore
The Board recommended a dividend of Rs. 1 per equity share or 10 percent of the face value of Rs. 10. The dividend is subject to approval from shareholders at the Annual General Meeting (AGM).
The company’s Board has proposed giving 1 bonus share for every 1 share held (1:1), which means shareholders will get an extra share for free for each share they own and the Board has set 30th May 2025 as the Record Date.
To issue the bonus shares, the company needs to increase its authorised share capital. Right now, it is Rs. 63 crores, which includes 4.3 crore equity shares and 20 lakh preference shares. The Board has decided to increase this limit to Rs. 100 crores, allowing the company to issue up to 8 crore equity shares.
The number of preference shares will stay the same. Authorised capital is the maximum amount of share capital that a company is legally allowed to issue to shareholders as stated in its Memorandum of Association.
IFGL Refractories Ltd, founded in 1979 and headquartered in Kolkata, India, is a leading global provider of specialised refractory products and engineering solutions primarily for the iron, steel, and metals industries.
The company manufactures a wide range of products, including slide gate systems, purging systems, ladle linings, and ceramic filters, serving customers in over 50 countries. It has 10+ Production Facilities, 3000+ Workforce, and 300+ Customers.
Written By Abhishek Das
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