Audited Standalone Financial Results for the 4th Quarter and Financial year ended 31st March, 2026 as per attached letter.
INDIANHUME · price
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Indian Hume Pipe Company reported FY2026 revenue from operations of ₹1,30,557 lakhs, down ~12.4% from ₹1,49,123 lakhs in FY2025 due to lower construction segment revenue. Net profit came in at ₹14,111 lakhs versus ₹55,805 lakhs last year — a headline decline of ~75%. However, last year's profit included a one-time exceptional gain of ₹54,522 lakhs from land sale (Bengaluru). Excluding that, FY2025 normalized profit was ~₹11,283 lakhs, meaning FY2026 profit grew ~25% on a like-for-like basis. The company earned an unmodified (clean) audit opinion from K.S. Aiyar & Co. The board recommended a total dividend of ₹5 per share (250%), including a special ₹3 per share to mark the company's 100th anniversary.
The revenue decline is a concern for growth-focused investors, but the underlying profit improvement (excluding one-time land sale gains) signals solid operational performance. The generous dividend signals confidence, and healthy operating cash flow of ₹29,365 lakhs supports financial stability. The clean audit removes any key risk flags.