Indo Count Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 30, 2026, recommended Final Dividend of Rs. 1.50 per equity share.
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Indo Count Industries Limited reported audited consolidated financial results for FY ended March 2026. Total income was Rs. 4,21,084.62 lakhs, relatively flat compared to Rs. 4,19,089.98 lakhs in the previous year. However, profit after tax declined significantly to Rs. 12,667.62 lakhs from Rs. 24,999.83 lakhs in FY 2024-25, representing a roughly 50% drop. EPS fell to Rs. 6.40 from Rs. 12.62 year-on-year. The Board recommended a Final Dividend of Rs. 1.50 per equity share (75% of face value Rs. 2), subject to shareholder approval at the ensuing AGM. The company also completed two acquisitions in FY 2024-25 - Fluvitex USA Inc. and Modern Home Textiles Inc. - with final purchase price allocations completed.
The profit decline of about 50% despite stable revenues signals margin pressure or higher costs. While the dividend provides some shareholder return, the per-share dividend of Rs. 1.50 represents a reduction from the previous year's Rs. 2.00 per share, which could be viewed negatively by income-focused investors.