Corporate Action- Board approves Dividend
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved a final dividend of Rs. 0.10 per equity share (5% on face value of Rs. 2) for FY 2025-26, subject to shareholder approval at the AGM. For the full year, standalone revenue grew 18% to Rs. 25,134.49 Lacs, but net profit fell 16% to Rs. 772.15 Lacs from Rs. 919.06 Lacs. EPS declined from Rs. 0.42 to Rs. 0.33. The company cited inflationary pressures in raw materials (polypropylene, polycarbonate, aluminium) and softer travel-related consumer demand as key challenges. Finance costs nearly tripled from Rs. 40.95 Lacs to Rs. 134.52 Lacs. The auditors issued an unmodified opinion on the financial results.
The modest 5% dividend reflects the company's reduced profitability this year. Despite higher revenue, cost pressures and rising finance costs have squeezed margins. Investors should monitor the final dividend approval at the AGM and watch for improvement in raw material costs and demand trends.