Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026 and Recommendation of Dividend for FY 2025-26
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Kalyani Investment Company reported audited results for FY2025-26. Standalone profit after tax declined 5% to Rs 511.17 million from Rs 537.08 million, while consolidated PAT fell sharply by 49% to Rs 367.69 million from Rs 715.44 million. The significant consolidated decline is largely due to its associate Hikal Limited reporting a loss share of Rs 153.08 million versus a profit share of Rs 284.75 million in the prior year. Hikal also recorded an impairment charge of Rs 147.71 million and faced impacts from new labour codes. The Board recommended a dividend of Rs 10 per share (100% payout). Total standalone income marginally declined to Rs 819.20 million from Rs 828.60 million. Auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
The 49% decline in consolidated profit is concerning for shareholders, though the standalone performance remains relatively stable. The company's main associate Hikal Limited has multiple headwinds including environmental litigation pending in Supreme Court and revenue recognition issues. The 100% dividend payout signals management confidence, but negative operating cash flows (-Rs 140 million standalone) warrant monitoring.