Indraprastha Medical Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 4 per equity share.
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Indraprastha Medical Corporation (Apollo Hospitals, Delhi) reported strong financial performance for FY2026 with total income of Rs. 1,511.26 crore, up 9.6% from Rs. 1,379.01 crore in the previous year. Profit after tax grew to Rs. 183.62 crore versus Rs. 160.99 crore year-on-year, while EPS improved to Rs. 20.03 from Rs. 17.56. The Board has recommended a final dividend of Rs. 4 per share (40% payout), subject to shareholder approval at the AGM. However, this represents a reduction from the previous year's dividend of Rs. 4.50 per share (45% payout). The auditors gave an unmodified opinion on the financial results.
Although profits and revenues grew solidly, the dividend has been reduced from Rs. 4.50 to Rs. 4 per share. This dividend cut may disappoint income-focused investors and could be viewed cautiously by the market, as it suggests the company is retaining more cash, possibly for capex or debt reduction. The company's declining cash balance (from Rs. 61.48 crore to Rs. 4.93 crore) may explain the lower payout.