Key Financial Figures - Standalone (FY26)

  • Revenue: ₹4,326.64 crore
  • Total Expenses: ₹3,561.90 crore
  • Profit Before Tax: ₹764.74 crore
  • Tax Expense: ₹184.40 crore
  • Net Profit: ₹580.34 crore
  • Other Comprehensive Income: ₹(258.76) crore
  • Total Comprehensive Income: ₹321.58 crore
  • Basic EPS: ₹9.39
  • Diluted EPS: ₹9.39
  • Paid-up Equity Capital: ₹123.67 crore
  • Other Equity: ₹5,953.69 crore

Key Financial Figures - Consolidated (FY26)

  • Revenue: ₹4,326.64 crore
  • Total Expenses: ₹3,561.90 crore
  • Profit Before Tax: ₹805.04 crore
  • Tax Expense: ₹205.99 crore
  • Net Profit: ₹599.05 crore
  • Other Comprehensive Income: ₹(258.62) crore
  • Total Comprehensive Income: ₹340.43 crore
  • Basic EPS: ₹9.69
  • Diluted EPS: ₹9.69
  • Paid-up Equity Capital: ₹123.67 crore
  • Other Equity: ₹6,091.04 crore

Dividend Declaration

The Board recommended:

  • Final dividend: ₹2.00 (100%) per equity share of ₹2 each
  • Special dividend: ₹0.75 (37.50%) per equity share of ₹2 each
  • Total dividend: ₹2.75 (137.50%) per equity share
  • Subject to approval at the 45th Annual General Meeting
  • Dividend payment date to be announced later

Auditor Appointments

Cost Auditors for FY27: M/s. S.R. Bhargave & Co (Firm Registration No.: 000218)

  • Reappointed based on Audit Committee recommendation
  • Firm has over 20 years of experience in cost accounting

Internal Auditors for FY27: M/s. M M Nissim & Co LLP

  • Reappointed based on Audit Committee recommendation
  • Firm established in 1927, registered with ICAI in 1946
  • Multi-disciplinary firm with PAN India presence

Board Meeting Details

  • Date: Tuesday, 26th May 2026
  • Time: 7:00 PM to 9:05 PM (IST)
  • Approved audited financial results (standalone & consolidated)
  • Approved dividend recommendation
  • Approved auditor appointments

Audit Opinion

Walker Chandiok & Co LLP issued unmodified opinion on both standalone and consolidated financial results for FY26.

Significant Accounting Notes

1. Labour Code Implementation: Effective November 21, 2025, Government consolidated labour legislations into four Labour Codes. Company has assessed and recorded incremental financial impact.

2. Exceptional Item (FY25): Net gain of ₹416.99 crore from transfer of rights on leasehold land (25.27 acres) at Chinchwad, Pune.

3. Segment Reporting: From April 1, 2025, company operates as single integrated business focused on pipes and fittings manufacturing, eliminating separate segment reporting.

4. Associates Included: Finolex Plasson Industries Private Limited and Pawas Port Limited included in consolidated results.

Cash Flow Highlights (Standalone FY26)

  • Net cash from operating activities: ₹191.75 crore
  • Net cash used in investing activities: ₹(155.65) crore
  • Net cash used in financing activities: ₹(49.09) crore
  • Net decrease in cash: ₹(12.99) crore
  • Dividend paid: ₹222.59 crore

Balance Sheet Position (Standalone as of March 31, 2026)

  • Total Assets: ₹7,407.70 crore
  • Non-current Assets: ₹3,439.13 crore
  • Current Assets: ₹3,968.57 crore
  • Total Equity: ₹6,077.36 crore
  • Total Liabilities: ₹1,330.34 crore
  • Current Borrowings: ₹437.32 crore