Recommendation of final dividend of Rs.1 (10%) per equity shares of Rs. 10 Each for the financial year ended March 31, 2026 subject to the approval of shareholders at the ensuing AGM
HPL · price
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HPL Electric & Power Ltd's Board has recommended a final dividend of Rs.1 per equity share (10% on face value of Rs.10) for FY2025-26, subject to shareholder approval at the ensuing AGM. The company reported standalone net profit of Rs.8306.16 lakhs and consolidated net profit of Rs.9125.25 lakhs for the year. Total standalone income was Rs.1,86,218.41 lakhs, up from Rs.1,68,875.54 lakhs in the previous year. The dividend will be credited/dispatched within 30 days of the AGM. The company paid the same Rs.643 lakhs dividend in FY25, indicating consistent dividend policy.
The dividend is consistent with prior year, representing a modest reward for shareholders. No change in dividend policy signals financial stability. The stock typically yields under 2% given the Rs.1 dividend on shares trading around Rs.60-80.