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 reported FY2026 revenue of ₹86,545 lakhs, up 9% from ₹79,423 lakhs in FY2025. However, profit after tax declined 19.6% to ₹6,424 lakhs from ₹7,994 lakhs, with EPS falling to ₹63.33 from ₹78.81. The profit decline was partly due to ₹999 lakhs in exceptional items (gratuity ₹702 lakhs + compensated absences ₹297 lakhs) arising from new Indian Labour Codes. The Board recommended a final dividend of ₹13 per share (130% payout), payable on September 17, 2026 to shareholders on record August 19, 2026. Key leadership changes include appointment of Mr. Sameer Jain as Chief Corporate Officer from July 1, 2026, and as Whole-Time Director from September 1, 2026, succeeding Mr. Vinay Mittal who retires on superannuation on September 30, 2026. The company also appointed Deloitte Haskins & Sells LLP and Das Patnaik & Co as joint internal auditors, and reappointed Rakesh Singh & Co as cost auditors.
The stock may face mild pressure due to the ~20% decline in net profit and EPS despite revenue growth, though the strong 130% dividend payout and leadership transition could provide some support to investor sentiment.