Roto Pumps Announces Major Dividend and Strategic Share Split

Roto Pumps Ltd., a leader in fluid engineering, declared a final dividend at its 49th Annual General Meeting and approved a share split to enhance shareholder value. Despite economic challenges, the company reported significant growth and aims for further expansion in the biogas and renewable energy sectors.

Roto Pumps Ltd., a globally recognized leader in industrial pumps with over five decades of expertise, announced at its 49th Annual General Meeting a final dividend of Rs. 1.88 per share. This represents 94% of the face value, amounting to a cash outflow of Rs. 590.46 lakhs, payable to shareholders holding shares as of 20th September 2024.

The Meeting also approved splitting the company's shares from a face value of Rs. 2 each into two shares of Rs. 1 each. Chairman and Managing Director Harish Chandra Gupta highlighted the company's resilience and growth despite challenging business conditions. The company's revenue increased by 21% to ₹230 crore, with a 20% net profit rise to ₹36 crore in Y-24.

Looking ahead, Roto Pumps is optimistic about capitalizing on opportunities in the biogas sector and global supply chain shifts. The company plans to focus on expanding sales in existing product lines and launching new products like downhole pumps and mud motors for the oil & gas industry. Additionally, Roto Pumps is introducing solar pumps, enhancing its commitment to green technology.

(With inputs from agencies.)