India Motor Parts and Accessories Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Jul-2026.
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India Motor Parts & Accessories Limited reported audited standalone results for FY ended March 2026. Total income grew 6.4% to Rs. 889.54 Crores from Rs. 835.98 Crores. Net profit after tax increased 15.4% to Rs. 96.55 Crores versus Rs. 83.67 Crores in the prior year. The statutory auditors from Brahmayya & Co. issued an unmodified (clean) opinion on the financial statements. The Board recommended a final dividend of Rs. 23 per share (230%) for FY25-26, which together with the Rs. 10 interim already paid totals Rs. 33 per share. The record date for the dividend and 72nd AGM is July 14, 2026. Other Comprehensive Income turned negative at Rs. 322.89 Crores largely due to Rs. 376.95 Crores mark-to-market loss on equity investments. The company remains debt-free with zero finance costs.
The company demonstrated steady profit growth and maintained a clean audit with no qualifications, which is positive for investor confidence. The total dividend of Rs. 33 per share represents a healthy payout. However, the significant negative OCI from investment fair value changes warrants monitoring as it indicates unrealized losses in the investment portfolio.