Outcome of Board Meeting of the Company held on today, the 29th May, 2026.
INCREDIBLE · price
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Incredible Industries Ltd's Board approved audited financial results for Q4 and FY ended March 2026. Total income stood at Rs 8,407.44 lakh vs Rs 7,569.11 lakh in the prior year, reflecting ~11% revenue growth. Profit Before Tax grew to Rs 166.11 lakh from Rs 132.35 lakh, a 25.5% increase. However, Profit After Tax declined to Rs 115.16 lakh from Rs 124.87 lakh, due to higher current tax (Rs 52.83 lakh vs Rs 38.42 lakh) and deferred tax adjustments. Basic EPS was Rs 2.54 per share. The Board did not recommend any dividend for FY2026. Additionally, the company recognised a Rs 25.14 lakh estimated gratuity liability for past service cost due to new Labour Codes. Capital work-in-progress of Rs 3,533.88 lakh relates to the SMS Project and Rolling Mill upgrades at Durgapur, expected to complete in FY2026-27.
Revenue growth of ~11% and PBT growth of ~25% are positives, but the PAT decline due to higher tax outgo and the one-time gratuity charge under new labour codes may weigh on near-term sentiment. No dividend may disappoint income-focused investors. Cash position declined significantly (cash down from Rs 181.77 lakh to Rs 8.32 lakh) due to heavy capex, which should be monitored.