The Board of Directors of the Company has recommended a dividend of Rs. 0.70/- per equity share in its meeting held on today i.e. May 26, 2026 for the financial year ended on March 31, 2026.
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The Board of Directors recommended a dividend of Rs. 0.70 per equity share (face value Rs. 10) for FY2026, subject to shareholder approval at the ensuing AGM. The company reported strong consolidated results with total income of Rs. 26,567.72 Lakhs, up 12.7% YoY, and net profit after tax nearly doubled to Rs. 3,014.04 Lakhs from Rs. 1,802.76 Lakhs in FY2025. Consolidated EPS stands at Rs. 27.85 vs Rs. 16.65 prior year. The Board also approved appointment of cost auditor and internal auditor for FY2026-27. The auditor's report was issued with an unmodified (clean) opinion on both standalone and consolidated financials.
The near-doubling of net profit and 67% growth in EPS signals strong operational performance, which is a positive signal for investors. The modest dividend payout (7% of face value) suggests the company is retaining earnings for growth, which could support future capital appreciation. Final dividend payment will be made within 30 days of the AGM.