Precot Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2026, recommended Final Dividend of Rs. 4 per equity share.
PRECOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Precot Limited reported audited standalone and consolidated financial results for the year ended March 31, 2026. Total income stood at Rs. 88,870.81 lakhs, marginally up from Rs. 87,250.88 lakhs in FY25 (approx 1.9% growth). Profit after tax from continuing operations declined sharply to Rs. 3,584.77 lakhs from Rs. 5,177.35 lakhs in the prior year — a drop of ~30.8%. EPS (total, continuing & discontinued) was Rs. 29.87 vs Rs. 27.41. The company has a discontinued operation (Hindupur spinning unit) which contributed a loss of Rs. 1,198.68 lakhs for the year. Finance costs rose significantly to Rs. 3,720.30 lakhs from Rs. 2,868.61 lakhs. The Board recommended a final dividend of Rs. 4 per share (face value Rs. 10), subject to shareholder approval. Auditors issued an unmodified opinion. Notably, a restatement loss of Rs. 314.84 lakhs was recognised during the year.
PAT from continuing operations fell by ~31% despite stable revenue, signalling margin pressure and higher finance costs. The dividend is positive for income-seeking investors, but the earnings decline and restatement loss are concerns.