Book Closure Details

  • Not disclosed in the document.

Dividend Declaration

  • Type: Final Dividend
  • Amount: ₹5.00 per share
  • Face Value: ₹10 per share
  • Financial Year: FY 2025-26
  • Subject to Shareholder Approval: Yes
  • Record Date: Not disclosed
  • Date of Board Meeting: May 28, 2026
  • AGM Date: September 9, 2026
  • Total Dividend Payout: ₹2,417.20 million on 483.439991 million shares

Add Analytical Context

  • Dividend amount represents a distribution of profits from FY26 operations.
  • Dividend payout ratio can be calculated against consolidated net profit of ₹5,151.65 million.

Board Meeting Highlights

  • Board meeting held on May 28, 2026, from 14:20 Hrs to 15:50 Hrs.
  • Approved Audited Standalone and Consolidated Financial Results for quarter and year ended March 31, 2026.
  • Audit Committee reviewed results on May 27, 2026.
  • Statutory Auditors M S K A & Associates LLP issued unmodified opinion for both standalone and consolidated financial statements.

Appointments / Reappointments

  • Not disclosed in the document.

Key Financial Highlights

(A) Standalone Financials (₹ in millions)

Quarter Ended March 31, 2026:

  • Total Income: ₹3,333.79
  • Revenue from Operations: ₹3,172.14
  • Other Income: ₹161.65
  • Net Profit: ₹1,400.14
  • EPS: ₹2.90

Year Ended March 31, 2026:

  • Total Income: ₹12,354.85
  • Revenue from Operations: ₹11,583.78
  • Other Income: ₹771.07
  • Net Profit: ₹5,003.55
  • EPS: ₹10.35
  • Other Equity: ₹16,717.88

YoY Comparison (Standalone):

  • Net Profit increased from ₹3,968.96 million in FY25 to ₹5,003.55 million in FY26 (26.1% growth)

(B) Consolidated Financials (₹ in millions)

Quarter Ended March 31, 2026:

  • Total Income: ₹3,333.79
  • Revenue from Operations: ₹3,172.14
  • Other Income: ₹161.65
  • Net Profit: ₹1,422.00
  • EPS: ₹2.95

Year Ended March 31, 2026:

  • Total Income: ₹12,316.85
  • Revenue from Operations: ₹11,583.78
  • Other Income: ₹733.07
  • Net Profit: ₹5,151.65
  • EPS: ₹10.66
  • Other Equity: ₹19,049.89

YoY Comparison (Consolidated):

  • Net Profit increased from ₹3,968.96 million in FY25 to ₹5,151.65 million in FY26 (29.8% growth)
  • Share of profit from associate (Pipavav Railway Corporation Limited): ₹210.90 million

Balance Sheet Highlights (Consolidated as of March 31, 2026)

  • Total Assets: ₹30,236.92 million
  • Property, Plant and Equipment: ₹12,614.79 million
  • Cash and Cash Equivalents: ₹93.07 million
  • Bank Balances (other than cash): ₹6,666.17 million
  • Total Equity: ₹23,884.29 million

Cash Flow Highlights (Consolidated FY26)

  • Net Cash from Operating Activities: ₹5,065.11 million
  • Net Cash Used in Investing Activities: ₹145.71 million
  • Net Cash Used in Financing Activities: ₹4,951.90 million
  • Dividends Paid: ₹4,638.19 million

Observations

Audit Emphasis of Matter:

  • Note 5/7 describes proposed final settlement of ₹188.31 million with Gujarat Maritime Board regarding invocation of bank guarantee for expansion plan approval.
  • Company's Board has approved the proposal; awaiting approval from Gujarat Maritime Board.
  • This amount has been recognized as an exceptional item during the quarter/year.

Exceptional Items:

  • Labour Code implementation impact: ₹43.29 million (recognized in Q3 FY26)
  • Gujarat Maritime Board settlement: ₹188.31 million loss
  • Cyclone Tauktae settlement: Full and final settlement received in FY26 (₹143.96 million on September 24, 2025 and ₹282.57 million on October 23, 2025)

Other Material Events:

  • Arbitration dispute with customer regarding tank farm agreement: Company has filed petition under Section 34 of Arbitration Act, submitted bank guarantee of ₹601.36 million.
  • SEIS scrips approval: Received approval for ₹521.70 million (FY17-18: ₹223.35 million, FY18-19: ₹298.35 million), recognized at 95% of face value (₹495.62 million) as other operating revenue.

Segment Information:

  • Single business segment: Port Services
  • Single geographical segment: Port at Pipavav

Other Announcements

  • Results available on company website (www.pipavav.com) and stock exchange websites
  • Digital signature by Manish Agnihotri, Company Secretary & Compliance Officer
  • Previous year's results were audited by different auditor with unmodified opinion