Outcome of Board meeting
LANCORHOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lancor Holdings Ltd reported audited standalone financial results for FY2026 with Total Income of Rs 19,393.01 lakhs (vs Rs 18,636.90 lakhs in FY2025). However, Revenue from Operations declined significantly from Rs 18,453.20 lakhs to Rs 11,962.67 lakhs. Despite the revenue drop, Profit Before Tax surged to Rs 4,735.11 lakhs (vs Rs 1,431.02 lakhs), driven largely by Rs 7,009.26 lakhs profit from sale of Property, Plant and Equipment. Profit After Tax more than quadrupled to Rs 4,063.02 lakhs from Rs 920.01 lakhs. EPS stood at Rs 5.54 (basic). The Board recommended a final dividend of 15% (including 5% special dividend for winning Supreme Court case on Menon Eternity property), amounting to Rs 0.30 per share, subject to shareholder approval. The statutory auditor G.M. Kapadia & Co. issued an unmodified opinion on the annual financials.
Strong bottom-line performance with PAT growing over 4x despite lower revenue, driven by asset sales. The dividend payout rewards shareholders after a landmark legal victory. Revenue decline may concern investors focused on topline growth.