Munjal Showa Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Munjal Showa Limited reported FY2026 revenue from operations of Rs 1,315.42 crores, up 5.2% from Rs 1,250.45 crores in FY2025. However, profit after tax declined 24.2% to Rs 218.72 lakhs from Rs 288.70 lakhs due to a one-time VRS separation cost of Rs 322.51 lakhs and an exceptional charge of Rs 220.02 lakhs for increased gratuity liability under new Labour Codes. Q4 FY2026 showed a small loss of Rs 4.53 lakhs. Operating cash flow turned negative at Rs -206.45 lakhs (vs Rs 366.14 lakhs positive in FY2025), primarily due to a sharp Rs 6,679.94 lakhs increase in trade receivables. The Board recommended a dividend of Rs 4.50 per share (225%) for shareholder approval at the August 24, 2026 AGM. Statutory auditors Deloitte Haskins & Sells issued an unmodified (clean) opinion.
Despite modest revenue growth, profit fell significantly and operating cash flow turned negative - a concern for near-term shareholder returns. The clean audit opinion provides assurance on financial statement accuracy. The dividend recommendation signals management confidence despite the earnings decline.