Outcome of board meeting
SCODATUBES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Scoda Tubes Ltd reported strong FY2026 results with total income of Rs 5,292.21 million, up 8.3% from Rs 4,888.46 million in FY2025. Net profit grew 22.4% to Rs 388.43 million from Rs 317.41 million, driven by higher revenue (Rs 5,186.50 million vs Rs 4,848.90 million) and reduced depreciation expense of Rs 156.66 million due to change in depreciation method from WDV to Straight Line. Q4 FY2026 net profit was Rs 63.19 million on revenue of Rs 1,235.69 million. The Board also cancelled a proposed EUR 7,000 investment to acquire 100% stake in Arvind sp.z o.o. due to operational difficulties in remitting funds abroad, including regulatory approvals, banking procedures and foreign exchange constraints. The company completed its IPO in June 2025 raising Rs 2,200 million. Cash balance declined to Rs 40.88 million from Rs 150.86 million due to heavy capital expenditure.
Strong profitability growth demonstrates solid operational performance. The cancelled investment is immaterial (EUR 7,000 only) with no significant shareholder impact. Lower EPS of Rs 6.79 vs Rs 7.60 is due to IPO dilution from increased share count. Heavy capex spending may pressure near-term cash flows.