Honda India Power Products Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
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Honda India Power Products Limited reported FY2026 audited results with total income of Rs 90,281 lakhs (up 7.9% from Rs 83,651 lakhs in FY25) and revenue from operations of Rs 86,545 lakhs (up 9% YoY). Profit after tax declined to Rs 6,424 lakhs from Rs 7,994 lakhs in FY25 due to an exceptional charge of Rs 185 lakhs from new labour code implementation (gratuity and compensated absences). EPS for the year stood at Rs 63.33 versus Rs 78.81 in the prior year. The Board recommended a final dividend of Rs 13 per share (130%) payable on September 17, 2026, with record date August 19, 2026. Mr. Sameer Jain has been appointed as Chief Corporate Officer from July 2026 and Whole-Time Director from September 2026, succeeding Mr. Vinay Mittal who retires on superannuation. Statutory auditors B S R & Co. LLP issued an unmodified opinion on the results.
Revenue growth of 9% YoY is positive, but declining profit and EPS raise concerns. The dividend yield of Rs 13 per share provides income support. Leadership transition from September 2026 and one-time labour code impact may weigh on near-term sentiment despite operational revenue growth.