Outcome of Board Meeting held on 15th May 2026
SOMANYCERA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone net profit rose 15.6% to Rs. 9,907 lakhs (vs Rs. 8,568 lakhs in FY25), with revenue from operations at Rs. 262,775 lakhs. Consolidated net profit was Rs. 7,407 lakhs. Auditors Singhi & Co. issued an unmodified opinion, confirming clean financials. The board recommended a final dividend of Rs. 2 per share (100% on face value), payable after shareholder approval at the 58th AGM. Earlier in May, an interim dividend of Rs. 4 per share was already approved, making total dividend Rs. 6 per share for FY26. The board also approved investment of up to Rs. 8 crore in associate Vintage Tiles Private Limited (turnover Rs. 11,627 lakhs in FY26) for setting up a solar power plant and upgrading its manufacturing facility. Grant Thornton Bharat LLP was appointed as internal auditor for FY 2026-27.
The 15.6% rise in standalone net profit signals strong operational performance. The total dividend of Rs. 6 per share (including Rs. 4 interim) offers attractive shareholder returns. The Rs. 8 crore investment in associate VTPL, though a related party transaction at arm's length, carries risk given VTPL's declining turnover trend over three years.