Audited results were approved by the board in its meeting held today i.e. May 25, 2026.
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Indef Manufacturing Limited reported audited standalone revenue of Rs 19,567 lakhs for FY2026, up 10.7% from Rs 17,672 lakhs in FY2025. However, standalone PAT declined 23.9% to Rs 2,605 lakhs from Rs 3,424 lakhs, with EPS falling to Rs 8.14 from Rs 10.70. Consolidated revenue grew 16.3% to Rs 20,769 lakhs, but consolidated PAT dropped 31.5% to Rs 2,339 lakhs. The profit decline is partly due to an exceptional item of Rs 61.44 lakhs (impact of new Labour Codes on gratuity and leave encashment provisions) and higher depreciation. The board recommended a dividend of Rs 2 per share (200%), same as last year, subject to shareholder approval at the August 12, 2026 AGM. Statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The company also announced appointment of two additional directors and a new cost auditor.
Despite revenue growth, profit declined significantly year-on-year due to exceptional labour code provisions and increased costs. The dividend maintained at previous year's level signals steady but cautious outlook for shareholders. Clean audit opinion is positive.