Bharat Rasayan Q4 results: Net profit dips 53% YoY, Board declares final dividend

A small-cap company that operates in the chemical and fertiliser industries is Bharat Rasayan. One of the largest manufacturers of cosmetic chemicals, Bharat Rasayan specialises mostly in preservatives for personal care products (skincare, haircare, and antibacterial).

During Q4FY23 the company reported consolidated net revenue of ₹306.82 Cr down by 32.10% YoY from ₹451.91 Cr during Q4FY22. Bharat Rasayan said its net expenses stood at ₹258.84 Cr during the quarter ended March 2023 down by 30% YoY from ₹368.46 Cr reported during the quarter ended March 2022. Bharat Rasayan said its net profit reached ₹30.35 Cr during the quarter under review down by 53% YoY from ₹64.55 Cr recorded in the year-ago quarter.

“Pursuant to Regulations 30 and 43 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors in the said meeting, has also decided to recommend a final dividend @15%, i.e. ₹1.50 per share on the fully paid-up equity shares of ₹10/- each for the financial year ended 31.03.2023. However, the final dividend of ₹1.50 per share recommended today would be payable after the approval of the said final dividend by the shareholders of the Company in their forthcoming Annual General Meeting,” said Bharat Rasayan in a stock exchange filing.

Bharat Rasayan has announced an equity dividend of 15.00%, or ₹1.5 per share, for the fiscal year ended March 2022 or FY22. This generates a dividend yield at the current share price of ₹9918 of 0.02%. The company has a solid track record of dividend declarations during the past five years. Bharat Rasayan Ltd. has issued 15 dividends since September 17, 2002, according to Trendlyne statistics. 

The shares of Bharat Rasayan were trading at ₹9,893.30 apiece down by 3.82% while writing this copy.