MODISON LIMITED has informed the Exchange regarding 'Recommendation of Final Dividend for FY 2025-26 by Board of Directors'.
MODISONLTD · price
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Modison Limited reported strong financial performance for FY 2026 with standalone revenue of Rs 71,033 Lakhs, up 45% from Rs 49,024 Lakhs in FY 2025. Profit after tax more than tripled to Rs 7,255 Lakhs from Rs 2,468 Lakhs, while EPS improved to Rs 22.36 from Rs 7.61. The Board has recommended a final dividend of Rs 3 per equity share (300% on face value of Rs 1), subject to shareholder approval at the 43rd AGM. The results were impacted by a fire incident at the factory in February 2026 causing a loss of Rs 1,063 Lakhs, partly offset by an insurance claim of Rs 1,802 Lakhs lodged with the insurer. Silver hedging also resulted in a loss of Rs 170 Lakhs for the year.
The strong profit growth and maiden/substantial dividend declaration are positive signals for shareholders. The company appears to be in a robust financial position despite the one-time fire loss, which is expected to be largely covered by insurance.