Board, at their meeting held today i.e., May 14, 2026, approved the proposal to recommend the shareholders, final dividend of INR. 1 per equity share of INR. 10/- each (10%), to the members, ....
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Walchand Peoplefirst Ltd's board approved a final dividend of INR 1 per equity share (10% on INR 10 face value) for FY2026, subject to shareholder approval at the 106th AGM on July 30, 2026. Record date is July 17, 2026, and dividend will be paid from August 3, 2026. For FY2026, the company reported total income of INR 3479.21 lakhs and profit after tax of INR 347.08 lakhs, nearly doubling from INR 180.25 lakhs in FY2025. However, EPS declined significantly to INR 1.95 from INR 6.21, partly due to a high tax expense of INR 106.69 lakhs (vs INR 3.71 lakhs previous year) and a one-time labour code implementation cost of INR 28.20 lakhs.
The dividend is positive for income-focused investors but at 10% payout ratio and the stock trading around INR 10 face value, the dividend yield remains modest. The sharp decline in EPS despite higher profits warrants caution and closer examination of the tax expense spike.