GRP Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 3.50 per equity share.
GRPLTD · price
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GRP Limited's Board of Directors meeting on May 15, 2026 approved the audited financial results for FY 2025-26 and recommended a dividend of Rs. 3.50 per equity share (35% on face value of Rs. 10). The standalone profit after tax for the year came in at Rs. 892.67 lakhs, while consolidated PAT was Rs. 322.14 lakhs. This represents a significant decline from the previous year's consolidated PAT of Rs. 3,070.33 lakhs (down about 90%). The company cited an exceptional item of Rs. 140.41 lakhs due to new labour code provisions and increased finance costs as key factors impacting profitability. The dividend is subject to shareholder approval at the ensuing AGM.
Despite sharp decline in profitability, the Board has maintained shareholder returns with a dividend of Rs. 3.50 per share. This provides some support for the stock, though the significant profit contraction and elevated debt levels (total borrowings of about Rs. 20,000 lakhs) may concern investors.