Announced Sat, 25 Jul · 19:11 IST
Q1 FY27 results; CMD, WTD and Independent Director re-appointed for 5 years
Management Changes View source PDF
MANYAVAR · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹403.15
prior close
₹412.90
base price
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AI summary
Board approved Q1 FY27 results with revenue of INR 3,013.65 million (up 7.2 percent YoY) and profit of INR 806.11 million (up 14.7 percent YoY), EPS at INR 3.32. Also re-appointed Mr. Ravi Modi as Chairman and Managing Director and Mrs. Shilpi Modi as Whole-time Director for 5 years from Aug 28, 2026. Mr. Manish Choksi re-appointed as Independent Director for a second 5-year term from Sep 6, 2026. All subject to shareholder approval.
Likely market impact
Strong Q1 with profit up nearly 15 percent YoY. Leadership continuity assured as CMD, WTD and Independent Director re-appointed for 5 more years, pending shareholder nod.