Outcome of Board meeting held on August 08, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations came in at ₹11,790.43 Lakhs versus ₹12,305.8 Lakhs in Q1 FY25, a decline of about 4%, while consolidated net profit was nearly flat at ₹587.38 Lakhs (₹585.68 Lakhs a year ago). On a standalone basis, revenue fell sharply to ₹3,448.97 Lakhs from ₹4,104.93 Lakhs (-16%), with net profit dropping to ₹222.62 Lakhs from ₹265.45 Lakhs. The Board fixed August 28, 2025 as the Record Date for a final dividend of ₹0.10 per equity share for FY25, subject to shareholder approval at the AGM on September 04, 2025. The company highlighted a strong order book of ₹2,163.36 Crores (including subsidiary Oriental Foundry Pvt Ltd). The auditor (Anil Bansal & Associates) issued an unmodified limited review report with no qualifications.
Weaker standalone performance (revenue and profit both down ~16% YoY) is a mild concern, but a robust ₹2,163 Cr order book provides strong revenue visibility. The small ₹0.10 dividend is modest but signals continuity in shareholder rewards; near-term stock reaction likely neutral to slightly negative given the standalone softness.