Honda India Power Products Limited has informed the Exchange about General Updates
HONDAPOWER · price
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Honda India Power Products' board, meeting on August 12, 2025, approved three key items. First, unaudited Q1 FY26 results show total income of Rs. 16,483 lakhs (up ~6% from Rs. 15,490 lakhs in Q1 FY25), but profit after tax fell sharply to Rs. 948 lakhs (down ~41% from Rs. 1,615 lakhs), with EPS at Rs. 9.35 vs Rs. 15.92 last year, mainly due to higher expenses of Rs. 15,204 lakhs. Second, the board declared a hefty interim dividend of Rs. 100 per share (1000% on Rs. 10 face value), with a record date of August 21, 2025 and payment by September 11, 2025. Third, the board approved amending the company's object clause to enter the electric motor business, launching a product called 'eGX' for noise- and emission-sensitive settings like hospitals, schools, and indoor facilities, subject to shareholder approval at the AGM.
Despite a significant drop in quarterly profits, shareholders are rewarded with a bumper 1000% interim dividend, which is likely to support the stock price in the short term. The move into electric motors signals a strategic diversification beyond traditional engines, though the sharp earnings decline and rising costs may worry growth-focused investors.