Karnataka State Industrial Investment and Development Corporation (KSIIDC) hands over a ₹143 crore dividend to the Government of Karnataka. The dividend follows the corporation’s financial performance in the 2024-25 financial year. According to reports, KSIIDC records a post-tax (after tax) net profit of ₹188.41 crore during 2024-25. The dividend is stated to have been shared with the government, with Minister M.B. Patil, who serves as the Minister for Large and Medium Industries and Infrastructure Development, citing the profit figure in connection with the payout. The information across the cited outlets aligns on both the dividend amount and the net profit reported for the financial year. No additional details on allocation, use of funds, or changes in business performance accompany the reports. Overall, the coverage attributes the dividend payout to the corporation’s profitability in the 2024-25 period, and it presents the dividend payment as an official transfer to the Karnataka government.
KSIIDC pays ₹143 crore dividend to Karnataka government
Karnataka State Industrial Investment and Development Corporation (KSIIDC) hands over a ₹143 crore dividend to the Government of Karnataka. The dividend follows the corporation’s financial performance...
- KSIIDC pays a ₹143 crore dividend to the Government of Karnataka.
- The dividend is linked to KSIIDC’s performance in the 2024-25 financial year.
- KSIIDC reports a post-tax/after-tax net profit of ₹188.41 crore in 2024-25.
- The payout is referenced by Karnataka’s Minister M.B. Patil, responsible for Large and Medium Industries and Infrastructure Development.
M.B. Patil, Minister for Large and Medium Industries, and Infrastructure Development, said that KSIIDC had recorded a net profit of ₹188.41 crore during 2024-25 after tax
2 months agoThe dividend payout follows a strong financial performance by KSIIDC, which recorded a post-tax net profit of ₹188.41 crore during the 2024-25 financial year
2 months agoThe dividend payout follows a strong financial performance by KSIIDC, which recorded a post-tax net profit of ₹188.41 crore during the 2024-25 financial year
2 months ago
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