KSDL's Record Dividend Boosts Karnataka's Coffers

Karnataka Soaps and Detergents Limited (KSDL) delivered an all-time high dividend of Rs 135 crore to the state, derived from an impressive Rs 451 crore profit. Large and Medium Industries Minister M B Patil highlighted KSDL's remarkable turnover of Rs 1,700 crore in the latest financial year.

Karnataka's state-run enterprise, Karnataka Soaps and Detergents Limited (KSDL), presented a record dividend of over Rs 135 crore to the government on Friday. This financial gesture reflected the company's impressive profits for the fiscal year 2024-25, as stated by officials.

Large and Medium Industries Minister M B Patil, alongside KSDL Chairman Appaji Nadagouda, handed over the dividend cheque to Chief Minister Siddaramaiah at a ceremony held in Vidhana Soudha. Highlighting KSDL's financial success, Patil noted the company's turnover reached Rs 1,700 crore, with profits soaring to Rs 451 crore.

According to the minister, the dividend represents a 30% share of the profit, marking the highest figures achieved by KSDL for turnover and dividends. Patil also noted the steady increase in dividends from Rs 54 crore in 2022-23 to Rs 108 crore in 2023-24, with expectations of further increases in subsequent years.