Board recommends final dividend of Rs. 1.50 to equity shareholders for the financial year 2025-26.
IRMENERGY · price
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IRM Energy's Board recommended a final dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. Consolidated revenue for FY2026 was Rs. 11,854 million (up from Rs. 10,908 million), with profit after tax of Rs. 532 million (up from Rs. 452 million). EPS stands at Rs. 12.96. Auditors issued unmodified opinions. Key concerns noted include Rs. 50.94 million impairment on loans to joint venture Ni-Hon Cylinders (non-operational, negative net worth), and outstanding preference share redemptions from VPPL (Rs. 22.35 million) and FGPL (Rs. 15.90 million). Record date for dividend has not been fixed yet.
Dividend of Rs. 1.50 per share represents a modest payout (~11.6% of EPS). The company reported healthy earnings growth, but the low dividend yield and minimal payout ratio may not be attractive to income-focused investors. The impairment charges and outstanding receivables from joint ventures warrant monitoring.