PRINCEPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors recommended a final dividend of Rs 1 per share (10%) on face value of Rs 10 each for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported strong financial performance with total income of Rs 26,092.17 million (up 2.8% YoY) and profit after tax of Rs 752.30 million excluding exceptional items (up 74.4% YoY from Rs 431.35 million). Basic EPS increased to Rs 6.80 from Rs 3.90. The company also announced appointment of new Company Secretary Ms. Jyoti Sancheti and reappointed N. A. Shah Associates LLP as Statutory Auditors for a second 5-year term.
The dividend of Rs 1 per share represents a modest 10% yield on face value, but given the strong profit growth (74% YoY) and stable dividend payout, this signals financial stability and confidence in future earnings. The stock could see positive reaction given the robust EPS growth.