Linde India Limited has informed the Exchange regarding '1. Audited Standalone and Consolidated Financial Results for the financial year ended 31 March 2026 2. Recommendation of Dividend 3. Date of Annual General Meeting (AGM) and Book Closure'.
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Linde India Limited has reported audited standalone and consolidated financial results for FY ended 31 March 2026. Standalone revenue from operations grew marginally to Rs 25,306.40 million from Rs 24,853.76 million in the previous year. However, profit after tax saw strong growth of 23% to Rs 5,508.74 million from Rs 4,478.13 million, with EPS improving to Rs 64.59 from Rs 52.51. The Board has recommended a total dividend of 120% (Rs 12 per share), including a special dividend of 80% (Rs 8 per share). The auditors from Price Waterhouse & Co have issued a qualified opinion on both standalone and consolidated results due to unresolved regulatory issues regarding related party transactions with Praxair India Private Limited. Additionally, an emphasis of matter paragraph highlights ongoing SEBI investigations and Supreme Court appeals related to a JV business allocation agreement. The company has also received a valuation report on business allegedly foregone under the JV agreement.
The strong PAT growth of 23% is positive for shareholders, though the auditors' qualified opinion and ongoing SEBI/Supreme Court proceedings regarding related party transactions create regulatory uncertainty that could impact future financials. The special dividend signals management confidence but may also reflect one-time factors.