Please find herewith attached outcome of Board meeting wherein dividend for financial year 2025-26 has been recommended, subject to approval of shareholders in the ensuing Annual General Meeting
IVP · price
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IVP Ltd's Board has recommended a final dividend of 15% (Rs. 1.5 per share) for FY2025-26, subject to shareholder approval at the 97th AGM. The company reported strong financial performance with revenue from operations growing 10.3% to Rs 59,455 lakhs and profit after tax surging 65.2% to Rs 1,868 lakhs compared to the previous year. EPS improved to Rs 18.09 from Rs 10.96. The board also approved re-appointment of statutory auditors M/s Rajendra & Co for 5 years and appointed M/s Kishore Bhatia & Associates as cost auditors for FY27. Additionally, two independent directors are being re-appointed for second 5-year terms each.
The 65% jump in net profit signals strong operational performance, which could positively influence investor sentiment. The dividend recommendation provides direct shareholder return, though the yield depends on the prevailing stock price.