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 standalone PAT of Rs. 511.17 million for FY2026, down 4.8% from Rs. 537.08 million in FY2025. Consolidated PAT fell significantly to Rs. 367.69 million from Rs. 715.44 million (down 48.6%), largely due to negative contribution from associate Hikal Limited (Rs. -153.08 million share of loss vs Rs. 284.75 million profit last year). Total standalone income was Rs. 819.20 million. The company declared a dividend of Rs. 10 per share (100%) for FY2025-26. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding environmental compliance issues at associate Hikal Limited, which is pending before the Supreme Court. The company holds 31.36% in Hikal Limited.
While standalone Q4 performance was strong, the nearly 50% decline in consolidated annual PAT due to associate losses is concerning. The ongoing environmental litigation at Hikal and accounting irregularities there add uncertainty. However, the unchanged auditor opinion and dividend declaration provide some stability for investors.