Yuken India Delights Shareholders with Generous Dividend Payout Amid Robust Financial Growth

In a move set to delight its investors, the board of directors at Yuken India Limited has officially given the green light to a final dividend of Rs 1.50 per equity share for the financial year concluded on March 31, 2024. This translates to a handsome 15% payout on the face value of Rs 10 per share, underscoring the company's commitment to delivering value to its shareholders.

This generous recommendation is, as per standard practice, subject to the crucial approval of shareholders at the upcoming Annual General Meeting (AGM).

While the specific record date for determining eligible shareholders and the eventual payment date are yet to be announced, the news itself paints a promising picture for those holding a stake in the hydraulic equipment manufacturer.

The decision to reward shareholders comes on the back of a truly robust financial performance by Yuken India.

For the fourth quarter of fiscal year 2024, the company reported a significant uplift in its standalone net profit, climbing to Rs 15.68 crore. This marks a notable improvement from the Rs 14.59 crore recorded in the corresponding quarter of the previous fiscal year, showcasing sustained operational efficiency and market demand.

Equally impressive was the growth in revenue from operations, which surged to Rs 149.65 crore in Q4 FY24, up from Rs 130.63 crore in Q4 FY23.

This upward trajectory in both profitability and top-line growth highlights a strong closing to the financial year.

Looking at the full financial year 2024, Yuken India's performance was equally commendable. The standalone net profit for FY24 reached Rs 52.82 crore, a healthy increase from Rs 44.59 crore in FY23.

This consistent growth across an entire fiscal cycle reinforces the company's fundamental strength and strategic execution.

Total revenue for the full fiscal year also saw a substantial rise, touching Rs 552.17 crore compared to Rs 483.98 crore in FY23. These figures collectively paint a picture of a company on a strong growth path, successfully navigating the market and expanding its financial footprint.

Yuken India, a prominent player in the manufacturing of hydraulic equipment, continues to demonstrate its resilience and capability in a dynamic industrial landscape.

The approved dividend, coupled with the strong financial results, serves as a testament to the company's healthy operational momentum and its dedication to sharing its success with its investor base. Shareholders can now look forward to formally approving this positive development at the forthcoming AGM, solidifying Yuken India's position as an attractive investment in the industrial sector.