Financial Results for the Quarter and Financial Year Ended March 31, 2026
MAJESAUT · price
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Majestic Auto Limited reported a net profit of ₹11,418.05 lakhs for FY26, a massive turnaround from a net loss of ₹336.17 lakhs in FY25, driven by an exceptional gain of ₹12,280 lakhs from the sale of land in Greater Noida to Cyrrus Manufacturing LLP (completed March 30, 2026, for total consideration of ₹143.52 crore). Standalone revenue from operations declined to ₹2,028.57 lakhs from ₹2,443.67 lakhs (down ~17% YoY), though total income rose to ₹6,128.18 lakhs (vs ₹3,629.32 lakhs) aided by other income. The company also divested its entire stake in subsidiary Emirates Technologies Private Limited for ₹196 crore on September 4, 2025. Cash and cash equivalents nearly doubled to ₹9,103.18 lakhs. Auditors issued an unmodified opinion with no going concern issues. Total dividend for FY26 is ₹60 per share (600%), including an already-paid interim of ₹35.
The exceptional items make the underlying operating performance look far better than it is; core revenue declined 17% and the company is essentially a real estate and investment holding entity now with negligible standalone revenue. The 600% dividend payout is shareholder-friendly but may not be sustainable without further asset sales.