Honda India Power Products Limited has informed the Exchange about General Updates regarding the revision in outcome of the Board Meeting held on May 26, 2026
HONDAPOWER · price
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Honda India Power Products Limited's Board approved the audited financial results for Q4 and FY ended March 31, 2026. Total income stood at Rs. 90,281 lakhs, up 7.9% YoY from Rs. 83,651 lakhs, driven by revenue growth of 8.97% to Rs. 86,545 lakhs. However, profit after tax declined 19.6% to Rs. 6,424 lakhs (vs Rs. 7,994 lakhs) due to higher material costs and other expenses. EPS dropped to Rs. 63.33 from Rs. 78.81. The Board recommended a final dividend of Rs. 23 per equity share (230% on Rs. 10 face value), payable after September 7, 2026, subject to shareholder approval at the ensuing AGM with record date August 19, 2026. Key leadership changes include 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 superannuation on September 30, 2026. The company also appointed Deloitte Haskins & Sells LLP and M/s Das Patnaik & Co. as joint Internal Auditors and re-appointed M/s Rakesh Singh & Co. as Cost Auditors for FY 2026-27. Statutory impact of new Labour Codes (Rs. 999 lakhs) was presented as an exceptional item. Statutory auditors B S R & Co. LLP issued an unmodified opinion on the annual results.
Revenue grew ~9% but profit declined ~20% due to cost pressures, which may weigh on near-term sentiment despite the healthy dividend yield of Rs. 23/share. Leadership transition and new auditor appointments signal potential operational changes ahead.