Recommended a dividend of 10% ( i.e. 0.50 paisa ) per share subject to approval of members at the ensuing annual general meeting
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The board recommended a dividend of ₹0.50 per share (10% on face value of ₹5), subject to shareholder approval at the ensuing AGM. For FY 2025-26, standalone profit after tax grew ~5.6% to ₹1,022.18 lakhs vs ₹967.88 lakhs in the prior year. Total comprehensive income stood at ₹1,035.20 lakhs. The dividend outflow of ₹207.50 lakhs (up from ₹153.75 lakhs last year) was confirmed in the cash flow statement. EPS (basic) rose to ₹2.46 from ₹2.35. Cash and cash equivalents nearly doubled to ₹6,702.63 lakhs, providing ample coverage for the payout. The company also granted 41,000 employee stock options and appointed new internal auditors and a scrutinizer.
A modest dividend increase reflecting solid earnings growth and strong cash reserves. The ₹0.50/share payout is well-covered by earnings and should be well-received by shareholders, though the absolute quantum remains small given the company's relatively low market price.