Audited Financial Results for the year ended March 31, 2026 and recommendation of Final Dividend for FY 2025-26
IGL · price
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IGL reported standalone revenue of ₹17,845.71 crore for FY26, up 8.5% YoY from ₹16,451.27 crore. However, profit after tax fell 7.1% to ₹1,364.10 crore (PY: ₹1,467.59 crore), and PBT declined 6.8% to ₹1,805.55 crore. Consolidated PAT (attributable to equity holders) fell 9.8% to ₹1,549.62 crore (PY: ₹1,717.76 crore). The PAT decline despite revenue growth was driven by higher raw material costs, employee expenses, and finance costs. The Board recommended a final dividend of ₹1.50 per share (75%), same as prior year. The statutory auditors issued an unmodified (clean) opinion on the results.
Revenue growth of 8.5% is positive but the 7-10% PAT decline is a concern for shareholders. The stock may see mild pressure due to profit contraction despite stable revenue. The DDA contingent liability of ₹330.73 crore and pending labour code impact add uncertainty.