Board recommended a final dividend of Rs. 1.20 (i.e., 60%) per equity share of Rs.2/- each, for the financial year ended March 31, 2026
VISAKAIND · price
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Visaka Industries' Board has recommended a final dividend of Rs. 1.20 per share (60% payout on Rs. 2 face value), subject to shareholder approval at the July 30, 2026 AGM. The record date is June 26, 2026. Full-year FY2026 standalone net profit surged to Rs. 8,783.24 lakhs from just Rs. 14.38 lakhs in the prior year (FY25), aided by exceptional gains of Rs. 5,970.33 lakhs from land sales in Ahmedabad and Kanchipuram. Revenue from operations grew ~8.7% to Rs. 1,67,558.66 lakhs from Rs. 1,54,080.53 lakhs. EPS for FY2026 stands at Rs. 10.17. The company also appointed Mr. Ramakrishna Pendyala as CFO effective June 20, 2026, succeeding Mr. S. Shafiulla who retired. Visaka is not classified as a large corporate under SEBI norms.
The sharp recovery in profitability and dividend recommendation signal financial health improvement. The exceptional item-driven profits mean underlying operational performance should be watched closely before drawing bullish conclusions.