Outcome of Board Meeting held on May 18, 2026
VISAKAIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Visaka Industries Limited reported strong FY2026 results with standalone revenue from operations growing 8.74% to ₹1,67,558.66 lakhs from ₹1,54,080.53 lakhs. Net profit after tax jumped dramatically to ₹8,783.24 lakhs from just ₹14.38 lakhs in FY2025, driven significantly by exceptional items of ₹5,970.33 lakhs from sale of land in Ahmedabad (₹3,674.30 lakhs) and land & building in Kanchipuram (₹2,296.03 lakhs). Profit before tax (excluding exceptional items) improved to ₹5,054.94 lakhs from ₹132.19 lakhs. The Board recommended a final dividend of ₹1.20 per share (60%) for FY2025-26. Additionally, Mr. S. Shafiulla retired as CFO on June 19, 2026, and Mr. Ramakrishna Pendyala (Chartered Accountant with 21 years experience) was appointed CFO from June 20, 2026. The statutory auditors issued unqualified opinions on both standalone and consolidated financial results.
The company showed exceptional profit growth driven by land sale gains, which shareholders should treat as one-time items. The underlying business improvement (PBT before exceptional items grew 36x) and expansion in EBITDA margin from ~4% to ~10% indicate genuine operational strength. The dividend signals confidence in financial health.