Revised outcome of Board Meeting held on May 26 , 2026.
HONDAPOWER · price
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Honda India Power Products reported FY2026 results with revenue from operations at Rs 86,545 lakhs, up 8.96% from Rs 79,423 lakhs in FY2025. However, profit after tax declined 19.64% to Rs 6,424 lakhs from Rs 7,994 lakhs, impacted by new labour code implementation charges of Rs 999 lakhs (gratuity Rs 702 lakhs + compensated absences Rs 297 lakhs) shown as exceptional items. The Board approved appointment of Mr. Sameer Jain as Chief Corporate Officer from July 1, 2026 and Whole-Time Director from September 1, 2026, succeeding Mr. Vinay Mittal who retires on September 30, 2026. New internal auditors Deloitte Haskins & Sells LLP and Das Patnaik & Co. were appointed for FY2026-27. The Board recommended a final dividend of Rs 23 per share (230%), payable from September 7, 2026.
Revenue growth of 9% was offset by a 20% decline in net profit due to one-time labour code compliance costs. The dividend of Rs 23 per share offers a positive signal for shareholders despite lower earnings. Leadership transition and auditor changes are routine administrative matters.