Outcome of Board Meeting held on 27th May, 2026
Price
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Uni Abex Alloy Products reported strong FY 2025-26 results with revenue from operations growing 13% to Rs 21,878 lakh from Rs 19,309 lakh. Net profit surged to Rs 27,986 lakh from Rs 3,357 lakh, driven primarily by an exceptional gain of Rs 27,353 lakh from the sale of investment property in Thane. The Board recommended a total dividend of Rs 100 per share (1000%), including Rs 60 special dividend from the land sale proceeds and Rs 40 regular dividend, subject to shareholder approval. Mr. Nisar Hassan was elevated from COO to CEO. The auditor issued an unmodified (clean) opinion with an emphasis of matter highlighting the Thane land sale as an exceptional item.
The massive profit jump is almost entirely due to a one-time land sale, not operational performance. Investors should focus on underlying operating profit of Rs 5,531 lakh vs Rs 4,522 lakh, representing a more modest 22% improvement. The generous special dividend rewards shareholders but represents a return of capital rather than recurring earnings.