Karnataka Govt Receives Over ₹135 Crore Dividend from KSDL for FY 2024-25

Public sector company Karnataka Soaps and Detergents Limited (KSDL) has paid a dividend of ₹135 crore to the Government of Karnataka for the financial year 2024-25. As per the news reports, the amount was handed over to Chief Minister Siddaramaiah at Vidhana Soudha.

The cheque was presented by Large and Medium Industries Minister M. B. Patil and KSDL Chairman Appaji Nadagouda. The dividend was declared from the company’s profits for the year in line with government guidelines.

KSDL Financial Performance 

KSDL reported a turnover of ₹1,700 crore and a profit of ₹451 crore in FY 2024-25. Of the total profit, 30% has been given to the state government as a dividend.

In FY 2023-24, the company paid a dividend of ₹108 crore to the state government. In FY 2022-23, the amount was ₹54 crore. The latest payout shows an increase of ₹27 crore compared to last year. The dividend has grown steadily over the past 3 years.

Company Background

Karnataka Soaps and Detergents Limited is a state-run enterprise under the Department of Industries and Commerce. It manufactures soaps, detergents, and other products, including the Mysore Sandal Soap, which remains one of its major brands. The company’s operations are based in Bengaluru.

Dividend Distribution

The dividend amount is transferred to the state government’s account as part of its annual earnings from public sector enterprises. Such payments form a part of non-tax revenue collected by the government from its companies.

Read More: HDB Financial Services Raises ₹250 Crore Through Secured NCDs!

Conclusion

KSDL’s payment of ₹135 crore to the state government for FY 2024-25 follows its profit of ₹451 crore and turnover of ₹1,700 crore for the year.

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