Gujarat Industries Power Company Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 4.10 per equity share.
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Gujarat Industries Power Company Limited (GIPCL) has announced that its Board of Directors, at their meeting on May 29, 2026, recommended a Final Dividend of Rs. 4.10 per equity share (41% on Rs. 10 face value) for FY 2025-26. This is subject to shareholder approval at the 41st Annual General Meeting. The company reported strong financial results with revenue from operations at Rs. 1,49,112.30 lakhs, up from Rs. 1,25,625.72 lakhs in the previous year. Profit for the year stood at Rs. 40,240.72 lakhs, which includes one-time tax credits of Rs. 26,030.83 lakhs from transition to the new corporate tax regime. Earnings per share improved to Rs. 25.93 from Rs. 13.97 in the previous year. The auditors issued an unmodified opinion on the financial statements.
The recommendation of dividend signals financial stability and shareholder-friendly policies. With EPS at Rs. 25.93, the dividend payout represents approximately 16% of earnings, indicating conservative dividend policy with retained earnings for growth.