Board approves Q3 results, Rs 18 special dividend, Rs 593 Cr capacity expansion
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Q3 FY26 standalone revenue at Rs 3,261 crore, up 11% YoY. Net profit from continuing operations at Rs 362 crore, up about 25% YoY. Board declared special dividend of Rs 18 per share (180%), record date Feb 16. Approved Rs 593 crore initial investment for a greenfield plant in YEIDA, Uttar Pradesh, to add 60,000 tractor and 15,000 construction equipment units per year. Total project outlay is Rs 2,268 crore. Two Kubota nominees appointed as additional directors. An exceptional expense of Rs 52.46 crore was booked for the new labour code.
Special dividend rewards shareholders. Capacity expansion signals growth plans but Rs 593 Cr outlay may pressure near-term cash. Steady results with strong profit growth.