Corporate Action- Board Approves Dividend
BALAMINES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balaji Amines Board meeting on May 13, 2026 approved FY26 results and recommended a final dividend of Rs 11 per equity share (550% on face value of Rs 2). For standalone operations, revenue grew 1.4% to Rs 1,29,154 Lakhs while profit after tax rose 6% to Rs 16,553 Lakhs compared to FY25. Consolidated revenue stood at Rs 1,42,498 Lakhs with PAT of Rs 16,916 Lakhs. EPS on consolidated basis improved from Rs 48.62 to Rs 51.60. The dividend of Rs 11 per share is double the previous year's dividend of Rs 5.50 per share, payable after shareholder approval at the 39th AGM.
The near-doubling of dividend from Rs 5.50 to Rs 11 per share signals strong confidence in the company's cash generation and financial health, which could positively impact stock sentiment. The 6% PAT growth with improved profitability indicates solid operational performance.