Outcome of Board Meeting
GILLANDERS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY ended March 2026. Standalone revenue declined to Rs 3,962.93 crore with net profit of Rs 4.67 crore (vs Rs 15.04 crore in FY25), while consolidated revenue was Rs 4,308.73 crore with net profit of Rs 9.47 crore (vs Rs 26.72 crore). Consolidated EPS dropped to Rs 4.43 from Rs 12.52. The Board recommended dividend on 7.75% Cumulative Redeemable Preference Shares for FY 2018-19 and 2019-20, subject to shareholder approval at the 92nd AGM on 3rd July 2026. M/s B. Ray & Associates was appointed as Cost Auditor for FY 2026-27. Segment-wise, Tea business returned to profit for full year despite Q4 loss, Engineering segment remained profitable, while Textiles continued to incur losses.
Significant decline in profitability for both standalone and consolidated results may negatively impact investor sentiment. The Tea segment turnaround is positive, but Textile losses and overall profit contraction could weigh on stock price near-term.