The Board of Directors at their meeting recommended the Final Dividend of Rs. 2/- per equity share subject to the approval by the shareholder at the ensuing AGM.
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Delton Cables board meeting on May 27, 2026 approved audited financial results for FY 2025-26 showing revenue of Rs. 98,638 lakhs (up 39% from Rs. 70,926 lakhs) but net profit declined to Rs. 1,472 lakhs from Rs. 2,051 lakhs year-on-year. EPS fell to Rs. 17.04 from Rs. 23.74. The board recommended a final dividend of Rs. 2 per equity share (20% on Rs. 10 face value) totaling Rs. 172.80 lakhs, subject to shareholder approval at the ensuing AGM. Other decisions included re-appointment of independent director Mr. Abhishek Poddar, re-appointment of internal and cost auditors, and a change in accounting policy for land measurement from cost model to revaluation model under Ind-AS 16, which resulted in a significant revaluation surplus of Rs. 24,003 lakhs recognized in other comprehensive income.
Despite lower profitability, the company maintained dividend payout at Rs. 2 per share (same as prior year), which is positive for income-focused investors. However, the significant decline in net profit and EPS could weigh on investor sentiment. The land revaluation substantially inflated the balance sheet and other comprehensive income, though this is a non-cash item.