Honda India Power Products Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
HONDAPOWER · price
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Honda India Power Products Limited reported FY2026 total income of Rs. 90,281 lakhs, up 7.9% from Rs. 83,651 lakhs in FY2025, driven by revenue from operations growth of 9% to Rs. 86,545 lakhs. However, profit after tax declined 19.6% to Rs. 6,424 lakhs from Rs. 7,994 lakhs, impacted by exceptional items of Rs. 999 lakhs due to new labour code implementation costs (gratuity Rs. 702 lakhs, compensated absences Rs. 297 lakhs). The board approved appointment of Mr. Sameer Jain as Chief Corporate Officer (effective July 1, 2026) and Whole-Time Director (effective September 1, 2026), succeeding Mr. Vinay Mittal who retires on September 30, 2026. A final dividend of Rs. 13 per share (130%) has been recommended, payable on September 17, 2026 to shareholders on record August 19, 2026. Statutory auditors B S R & Co. LLP issued an unmodified opinion on the results.
While revenue grew strongly, the 19.6% decline in PAT and 20% drop in EPS (Rs. 63.33 vs Rs. 78.81) reflect margin pressure from labour law changes and raw material costs. The positive signal is the 130% dividend payout, indicating management confidence. Leadership transition to Sameer Jain with extensive finance background suggests continued focus on operational efficiency.