GIPCL: Outcome of the Board Meeting: Approval of Standalone AFR for the Q4 and Year ended FY 2025-26 and recommendation of Dividend for the FY 2025-26
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Gujarat Industries Power Company Ltd reported standalone audited financial results for FY 2025-26 ending 31st March 2026. Revenue from operations grew to Rs 1,49,112.30 lakhs from Rs 1,25,625.72 lakhs in the previous year, representing approximately 18.7% growth. However, profit before tax declined to Rs 24,466.53 lakhs from Rs 27,294.52 lakhs. The company reported a net profit of Rs 40,240.72 lakhs, significantly boosted by non-recurring deferred tax credits totaling Rs 26,030.83 lakhs (including Rs 11,512.36 lakhs from tax regime change and Rs 14,518.47 lakhs from MAT credit recognition). Basic EPS improved to Rs 25.93 from Rs 13.97. The board recommended a dividend of Rs 4.10 per equity share (41%) subject to shareholder approval. The statutory auditors issued an unmodified (clean) opinion.
While headline PAT surged 90% due to one-time tax benefits, underlying operating performance shows revenue growth of ~19% with stable cash flow from operations at Rs 64,899.84 lakhs. The dividend recommendation provides shareholder returns. However, investors should note the non-recurring nature of profits and the significant increase in long-term borrowings from Rs 1,80,490 lakhs to Rs 3,37,346 lakhs.