International Conveyors Ltd Share Price – NSE  / BSE

Plantation & Plantation Products, Small Cap

International Conveyors announced that the Board of Directors of the Company at its meeting held on 14 May 2025, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 75%) , subject to the approval of the shareholders.

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Net profit of International Conveyors rose 114.66% to Rs 13.03 crore in the quarter ended March 2025 as against Rs 6.07 crore during the previous quarter ended March 2024. Sales rose 110.32% to Rs 54.60 crore in the quarter ended March 2025 as against Rs 25.96 crore during the previous quarter ended March 2024.

For the full year,net profit rose 46.99% to Rs 91.71 crore in the year ended March 2025 as against Rs 62.39 crore during the previous year ended March 2024. Sales rose 13.38% to Rs 151.85 crore in the year ended March 2025 as against Rs 133.93 crore during the previous year ended March 2024.

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International Conveyors will hold a meeting of the Board of Directors of the Company on 14 May 2025.

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TD Power Systems manufactures generators and motors, catering to multiple industries with reliable and efficient power solutions up to 200 MW. Their products have illuminated cities, powered countless lives, and connected communities across the globe. As per the latest audited financials for FY 2023-24, the company reported a turnover of Rs 1,000.519 crore.

The acquisition of 84,620 equity shares was made for investment purposes. The cost of acquisition is Rs 3.001 crore and it was completed through cash consideration on 7 April 2025.

The company also clarified that the acquisition does not fall within related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the entity being acquired.

International Conveyors is engaged in the manufacturing and trading of conveyor belting, including ply conveyor belting, steel cord conveyor belting, fittings, accessories, and the generation and sale of power.

The company?s consolidated net profit rose 3.6% to Rs 20 crore, supported by a 15.7% increase in net sales to Rs 26.09 crore in Q3 FY25 compared to Q3 FY24.

Shares of TD Power Systems jumped 5.86% to Rs 380.30 on the BSE.

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