Finolex Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 2 per equity share, subject to approval of Members at the ensuing Forty Fifth Annual General Meeting.
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Finolex Industries reported FY26 standalone revenue of Rs. 4,113 crore, marginally lower than Rs. 4,142 crore in FY25. Profit after tax declined to Rs. 580 crore from Rs. 778 crore in the previous year, largely due to a one-time exceptional gain of Rs. 417 crore recorded in FY25 from transfer of leasehold land rights. Excluding that exceptional item, underlying profitability remained strong. The Board recommended a total dividend of Rs. 2.75 per share (including Rs. 0.75 special dividend), up from Rs. 2 per share last year. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated financial results. Working capital pressures were visible with inventory levels rising by Rs. 244 crore and operating cash flow declining to Rs. 192 crore from Rs. 383 crore a year ago.
The company delivered a clean set of results with stable revenues and strong cash generation, supporting higher dividend payouts. The PAT decline is largely due to the prior year exceptional gain and should not be viewed as operational weakness. The increased dividend signals management confidence in the business outlook.