Prakash Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 1.80 per equity share.
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Prakash Industries Limited reported strong Q4 FY2026 results with net sales of Rs. 920 crores (up 9%) and PAT of Rs. 93 crores. For the full year ended March 2026, net sales stood at Rs. 3,479 crores with PAT of Rs. 333 crores, though EPS declined from Rs. 19.85 to Rs. 18.60 due to lower other comprehensive income. The Board recommended a final dividend of Rs. 1.80 per equity share (18% on face value of Rs. 10), representing an increase from the previous year's ~Rs. 1.50 per share. The company also extracted 1 million MT of coal from its Bhaskarpara Coal Mine during FY2026. Auditors issued a qualified opinion regarding deferred tax liability treatment of Rs. 2,872 lakhs adjusted against the Securities Premium Account per a court order.
The 20% dividend increase signals management confidence, but the lower EPS and qualified auditor opinion on deferred tax treatment may create mixed sentiment among investors.