Krystal Integrated Services' board recommends dividend - Check amount and other details

Krystal Integrated Services on Tuesday said that its board has recommended a dividend of Rs 1.50 or  15 per cent per equity share of the face value Rs 10 each for the financial year ended March 31, 2024. However, the dividend is subject to shareholders’ approval.

"Recommended a Dividend of Rs. 1.50/- (One Rupee and Fifty Paise Only) per equity share i.e. 15 % of face value of Rs. 10/- each fully paid up, for the financial year ended March 31, 2024, for declaration by the shareholders at the ensuing Annual General Meeting (AGM). The Dividend shall be paid within 30 days of its declaration by the shareholders at the ensuing AGM," the company said in an exchange filing.

Meanwhile, the company reported a 49.95 per cent increase in revenue, reaching Rs 1026 crores, while net profit surged by 29 per cent to Rs 49 crores.  

The company's revenue growth of 49.95 per cent and profit growth of 29 per cent in FY24 significantly outpace industry averages.  

The company’s annual revenue increased by 28.13 per cent YoY for FY23 and 49 per cent YoY for FY24, significantly outperforming the sector's average revenue growth of -6.33 per cent. Additionally, Krystal’s annual net profit grew by 29 per cent to Rs 49 Crores, surpassing the sector’s average net profit growth which is around -5.33 per cent.