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PILANIINVS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Pilani Investment and Industries Corporation approved audited financial results for Q4 and FY26 ended March 31, 2026. Standalone net profit dropped 58% to Rs 7,185.76 lakhs from Rs 16,940.61 lakhs in FY25, while consolidated net profit fell 68% to Rs 3,105.55 lakhs. Revenue from operations declined about 9.5% to Rs 28,810.10 lakhs (standalone). Finance costs nearly doubled to Rs 16,462.15 lakhs, significantly impacting profitability. The company issued 50,000 8.11% listed NCDs worth Rs 500 crore maturing April 2029. The Board appointed Shri Arun Laddha as Additional Non-Executive Independent Director for 5 years, subject to shareholder approval. Dividend decision has been adjourned to June 4, 2026 - last year the company paid Rs 15 per share.
The sharp decline in net profit and surging finance costs signal deteriorating profitability, likely due to higher borrowing costs as an NBFC-CIC. The Rs 500 crore NCD issuance increases debt obligations. Despite the weak bottom line, the company maintains zero NPAs and strong net worth of Rs 1,503 crore. Dividend announcement on June 4 will be a key catalyst for the stock.