Honda India Power Products Limited has informed the Exchange that Board of Directors at its meeting held on May 26, 2026, recommended Final Dividend of Rs. 23 per equity share.
HONDAPOWER · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and in line with its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Honda India Power Products Limited reported FY2025-26 results with total income of Rs. 90,281 lakhs, up ~8% from Rs. 83,651 lakhs in the prior year. However, profit after tax declined to Rs. 6,424 lakhs from Rs. 7,994 lakhs (down ~20% YoY), impacted by exceptional items of Rs. 999 lakhs related to new labour code implementation. Basic EPS stood at Rs. 63.33 versus Rs. 78.81 in FY25. The Board recommended a final dividend of Rs. 23 per equity share (130% payout on Rs. 10 face value), subject to shareholder approval at the ensuing AGM. Record date is August 19, 2026 and dividend payment is scheduled for September 17, 2026. The company also announced key leadership changes including appointment of Mr. Sameer Jain as Whole-Time Director and CFO, replacing Mr. Vinay Mittal who retires on superannuation.
Profit decline of ~20% YoY despite revenue growth signals cost pressures, though the healthy dividend payout (Rs. 23 per share) signals management confidence and provides income support for shareholders.