Patels Airtemp Sets Record Date for Rs 3 Dividend, Reports Q1 Results
Patels Airtemp has declared a dividend of Rs 3 per equity share for FY 2024-25, subject to shareholder approval. The record date is set for September 19, 2025. The company's Q1 FY2026 results show a decline in performance, with total revenue from operations decreasing by 27.25% to Rs 8,256.67 lakhs and net profit falling by 44.64% to Rs 280.19 lakhs compared to Q1 FY2025. The 33rd Annual General Meeting is scheduled for September 27, 2025, via video conferencing.
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Patels Airtemp (India) Limited , a leading industrial equipment manufacturer, has announced a dividend of Rs 3 per equity share for the financial year 2024-25, subject to shareholder approval. The company has also released its unaudited financial results for the first quarter.
Dividend Announcement
The Board of Directors of Patels Airtemp has recommended a dividend of Rs 3 per equity share, representing 30% of the face value of Rs 10 per share. The company has set September 19, 2025, as the record date for determining shareholder eligibility for the proposed dividend.
Key points of the dividend announcement include:
- Record Date: September 19, 2025
- Dividend Amount: Rs 3 per equity share (30% of face value)
- Shareholder Approval: Subject to approval at the 33rd Annual General Meeting (AGM)
- AGM Date: September 27, 2025
- Payment Timeline: Within 30 days from the AGM date, if approved
The dividend will be paid to shareholders whose names appear on the company's register as of the record date. For dematerialized shares, payment will be based on beneficial ownership details provided by depositories.
Financial Results
Patels Airtemp has released its unaudited standalone financial results for the quarter ended June 30. Here are the key highlights:
| Particulars (Rs. in Lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Total Revenue from Operations | 8,256.67 | 11,349.61 | -27.25% |
| Other Income | 59.24 | 41.98 | 41.11% |
| Total Income | 8,315.91 | 11,391.59 | -26.99% |
| Profit Before Tax | 409.64 | 679.18 | -39.69% |
| Net Profit for the Period | 280.19 | 506.09 | -44.64% |
| Earnings Per Share (Rs.) | 5.12 | 9.25 | -44.65% |
The company experienced a decline in revenue and profitability compared to the same quarter of the previous fiscal year. Total revenue from operations decreased by 27.25% year-over-year, while net profit saw a significant drop of 44.64%.
Annual General Meeting
Patels Airtemp has scheduled its 33rd Annual General Meeting for September 27, 2025, at 11:30 a.m. IST. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in accordance with relevant circulars issued by regulatory authorities.
The company will send the Annual Report for FY2024-25, including the AGM Notice and Standalone Financial Statements, to all members whose email addresses are registered with the company or its registrar and transfer agent.
Patels Airtemp continues to navigate challenging market conditions while maintaining its commitment to shareholder returns. The proposed dividend, subject to approval, reflects the company's effort to balance rewarding shareholders and retaining capital for future growth initiatives.
Historical Stock Returns for Patels Airtemp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.15% | -0.60% | -7.99% | -32.96% | -56.47% | +143.07% |
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