Outcome of Board meeting
GNFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Revenue from operations declined marginally to Rs. 7,773 Crores from Rs. 7,892 Crores in the previous year. However, net profit after tax surged 36.2% to Rs. 797 Crores compared to Rs. 585 Crores, with EPS improving to Rs. 54.22 from Rs. 39.80. EBITDA margin expanded from 13.3% to 16.7%, indicating improved operational efficiency. The Board recommended a dividend of Rs. 21 per equity share (210%) subject to shareholder approval. The company also appointed B S R and Co. as new statutory auditors for five years, replacing Suresh Surana & Associates LLP. Auditors issued an unmodified (clean) opinion on the financial results.
Strong profit growth and margin expansion are positive signals for shareholders. The clean audit opinion adds credibility. However, a significant contingent liability of Rs. 21,370 Crores from a Department of Telecommunications demand exists, which the auditors highlighted in their Emphasis of Matter section despite giving a clean opinion.