TCPL Packaging Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Aug-2026.
TCPLPACK · price
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TCPL Packaging Limited reported audited FY26 standalone revenue of Rs 1,736 crore, up 2.3% YoY from Rs 1,696 crore. However, profit after tax declined sharply by 31.2% to Rs 972 crore from Rs 1,413 crore, impacted by a 36.5% increase in finance costs (Rs 770 crore vs Rs 564 crore) and an exceptional charge of Rs 135.2 crore due to new Labour Codes implementation. EBITDA margin compression is evident from the profit decline despite marginal revenue growth. The board recommended a dividend of Rs 25 per equity share (250% payout), subject to shareholder approval at the AGM on August 11, 2026, with record date August 4, 2026. Executive directors S G Nanavati and Vidur Kanoria were reappointed for 3-year terms. Auditors issued clean reports with no qualifications.
PAT declined 31% due to higher finance costs and Labour Code provisions, signaling margin pressure. However, the 250% dividend payout demonstrates management confidence. The stock may face short-term pressure due to profit decline despite stable revenue growth.