Munjal Showa Limited has submitted to the Exchange, the Audited financial results for the period ended March 31, 2026.
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Munjal Showa Ltd reported audited FY26 results with revenue from operations at Rs. 13,154.15 lakhs, up 5.2% from Rs. 12,504.47 lakhs in FY25. However, profit after tax declined significantly to Rs. 2,187.17 lakhs from Rs. 2,886.98 lakhs in the prior year, a drop of approximately 24.2%. The Q4 FY26 quarter itself showed a loss of Rs. 4.53 lakhs. Total expenses included Rs. 322.51 lakhs in separation costs under a Voluntary Retirement Scheme (VRS), and an exceptional item of Rs. 220.02 lakhs due to increased gratuity liability from new Labour Codes. The auditors from Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion. The Board recommended a dividend of 225% (Rs. 4.50 per share) subject to shareholder approval at the August 24, 2026 AGM.
The 24% decline in annual profit despite modest revenue growth signals margin compression and increased costs, likely to weigh on investor sentiment in the near term despite the clean audit and dividend payout.