Pilani Investment and Industries Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
PILANIINVS · price
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Pilani Investment approved its audited standalone and consolidated financial results for FY ended March 2026. Standalone net profit dropped significantly to Rs 7,185.76 lakhs from Rs 16,940.61 lakhs in the previous year, a decline of about 58%. Finance costs nearly doubled to Rs 16,462.15 lakhs vs Rs 8,838.73 lakhs last year. Total income fell to Rs 29,348.59 lakhs from Rs 32,320.04 lakhs. On a consolidated basis, net profit was Rs 3,105.55 lakhs vs Rs 9,848.28 lakhs, impacted by an associate company loss of Rs 3,431.49 lakhs. EPS declined to Rs 64.90 (standalone) and Rs 28.05 (consolidated) from Rs 153.00 and Rs 88.95 respectively. The company issued Rs 500 crore of 8.11% NCDs during Q4 and appointed Arun Laddha as an Additional Independent Director. Dividend decision has been deferred to June 4, 2026.
Profits have declined significantly year-on-year due to higher finance costs and associate losses. The trading window remains closed until 48 hours after the dividend announcement on June 4, 2026. Shareholders should await the dividend outcome next week.