Declaration of Interim Dividend
ELITECON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board declared an interim dividend of Rs. 0.05 per equity share (face value Re. 1) for FY26, with the record date fixed for November 12, 2025. Standalone Q2 FY26 net profit jumped to Rs. 201.96 lakhs from Rs. 84.24 lakhs in Q2 FY25, while consolidated H1 FY26 revenue stood at Rs. 3,73,987 lakhs. The company completed a 10:1 stock split (sub-division from Rs. 10 face value to Re. 1 face value) during H1 FY26, approved by shareholders on June 2, 2025. Pending GST show cause notices of Rs. 387.43 crores (from DGGI) and Rs. 22.23 crores (refund-related) remain under adjudication and are flagged in the auditor's review.
The dividend amount is very small and unlikely to attract income-focused investors, but strong YoY profit growth and the recent stock split could improve liquidity and retail participation. The large pending GST notices remain a material overhang on the stock despite no immediate financial impact reported.