Honda India Power Products Limited has informed the Exchange that Record date for the purpose of Dividend is 21-Aug-2025.
HONDAPOWER · price
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Honda India Power Products reported a sharp slowdown in Q1 FY26 (quarter ended June 30, 2025), with revenue from operations falling to ₹15,491 lakhs from ₹26,868 lakhs in Q4 FY25. Profit after tax dropped to ₹948 lakhs (EPS of ₹9.35) compared to ₹3,616 lakhs in the previous quarter. Despite weak earnings, the Board declared a massive interim dividend of 1,000% — ₹100 per share on a face value of ₹10 — with August 21, 2025 set as the record date and payout expected by September 11, 2025. The Board also approved an amendment to the company's Memorandum of Association to expand into designing and manufacturing electric motors under the 'eGX' brand, targeting noise and emission-sensitive applications. This MOA change is subject to shareholder approval at the upcoming AGM.
Shareholders will receive an unusually large interim dividend of ₹100 per share, which is a strong positive for income-focused investors, especially given the company's small equity base. However, the steep year-on-year and sequential decline in profits raises concerns about near-term demand weakness in the core power products business. The planned entry into electric motors ('eGX') signals a strategic diversification push toward clean-energy applications, which could be a long-term positive but adds execution risk.