The Board at its meeting held today recommended a Final Dividend of Rs. 1.00/- per equity share of face value of Rs. 10/- each for the financial year ended March 31, 2026. The above dividend, if declared by the members of the Company at the ensuing Annual General Meeting will be paid within 30 days from the date of Annual General Meeting.
EVERESTIND · price
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Everest Industries' Board has recommended a final dividend of Rs. 1 per equity share (10% on face value of Rs. 10) for FY2026, subject to shareholder approval at the AGM. The company reported a standalone net loss of Rs. 6,352.71 lakhs for Q4 FY2026 and a loss before tax of Rs. 11,105.18 lakhs for the full year, compared to a profit of Rs. 1,352.79 lakhs in the previous year. Key losses included an impairment charge of Rs. 2,870 lakhs on subsidiary Everest Buildpro and Rs. 1,634.14 lakhs for updated gratuity provisions under new Labour Codes. Annual standalone revenue was Rs. 1,35,423.80 lakhs, down from Rs. 1,70,702.18 lakhs in FY2025. The dividend will be paid within 30 days of the AGM.
Despite reporting substantial losses, the company is maintaining dividend payouts, which signals management confidence. However, the significant losses and exceptional charges suggest financial stress, and the stock may face pressure from weak earnings performance.