Lancor Holdings Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.30 per equity share.
LANCORHOL · price
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Lancor Holdings Limited reported strong profit growth for FY2026 ended March 31. Standalone profit after tax surged to Rs. 4,063.02 lakhs from Rs. 920.01 lakhs in the prior year, a jump of over 340%. Revenue from operations declined to Rs. 11,962.77 lakhs from Rs. 18,453.20 lakhs, largely due to a significant one-time gain of Rs. 7,009.26 lakhs from sale of property. The company also recognized an exceptional item of Rs. 24.98 lakhs due to new labor codes. The Board recommended a final dividend of Rs. 0.30 per share (15% including a special 5% dividend) subject to shareholder approval, driven by the Supreme Court ruling in favor of the company regarding Menon Eternity property. Statutory auditors issued an unmodified opinion on both standalone and consolidated financials.
The exceptional PAT growth signals strong operational efficiency despite lower revenue, and the special dividend reward reflects confidence from the legal victory. The stock may see positive sentiment from shareholders given the dividend and profit surge.