De Nora India Limited has informed the Exchange regarding Board meeting held on July 30, 2025.
DENORA · price
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Awaiting price reaction for this filing.
De Nora India's Board met on July 30, 2025 and approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). Revenue from operations stood at approximately ₹1,196.91 lakhs, down from about ₹1,413 lakhs in the same quarter last year, though other income was higher. Basic and diluted EPS for the quarter was ₹2.02 versus ₹1.72 in Q1 FY25. The company recognized warranty provisions of ₹949.99 lakhs during the quarter. Price Waterhouse issued an unmodified review opinion on the results. The Board also noted the retirement by rotation of non-executive director Francesco L'Abbate and recommended the appointment of Mr. Guido Picari as a Director, subject to shareholder approval at the upcoming AGM.
Revenue declined year-on-year in Q1, which may pressure the stock, but higher EPS and lower tax outflow kept bottom-line growth positive. Warranty provisions are notable and worth watching as a margin headwind. The director changes are routine and unlikely to move the share price on their own.