Outcome of Board Meeting
AVADHSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avadh Sugar & Energy Limited reported audited financial results for FY2026 ending March 31. Total revenue from operations stood at Rs 2,69,352 lakhs, marginally higher than Rs 2,63,559 lakhs in FY25. However, net profit declined significantly to Rs 5,731 lakhs from Rs 8,794 lakhs in the previous year, a drop of about 35%. EPS for the year was Rs 28.63 compared to Rs 43.93 in FY25. The board recommended a final dividend of Rs 10 per share (100%), subject to shareholder approval at the AGM. Mr. Amit Dalal was appointed as an Independent Director for 5 years, and Mr. Somnath Mukherjee was reappointed as Cost Auditor for FY27. The auditor issued an unmodified opinion on the financial statements.
Despite a slight increase in revenue, profit declined sharply due to higher raw material costs and lower segment profits. The dividend declaration and appointment of an experienced independent director from Tata Investment Corporation may provide some support to shareholder confidence.