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, ....
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Everest Industries' Board has recommended a final dividend of Rs. 1 per share (10% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of the AGM. The company reported a standalone loss of Rs. 11,105.18 lakhs for the year ended March 31, 2026, compared to a profit of Rs. 1,352.79 lakhs in the previous year. Revenue from operations declined to Rs. 1,35,423.80 lakhs from Rs. 1,70,702.18 lakhs. The company also recognized an exceptional impairment loss of Rs. 2,870 lakhs related to its subsidiary Everest Buildpro Private Limited.
Despite posting significant losses, the company is maintaining a small dividend payout, which may be viewed as a positive signal for shareholder returns. However, the loss-making situation and declining revenues are concerns for investors. The dividend yield is likely very low given the nominal amount.