Honda India Power Products Limited

Financial Results Approval

  • Audited Financial Results for quarter and financial year ended March 31, 2026
  • Audit Report from M/s B S R and Co. LLP with unmodified opinion
  • Declaration regarding unmodified audit opinion

Financial Performance Highlights (INR in lakhs)

Year Ended March 31, 2026 vs March 31, 2025:

  • Revenue from operations: ₹86,545 (vs ₹79,423)
  • Other income: ₹3,736 (vs ₹4,228)
  • Total income: ₹90,281 (vs ₹83,651)
  • Total expenses: ₹80,713 (vs ₹72,881)
  • Profit before tax: ₹9,568 (vs ₹10,770)
  • Exceptional items: (₹999) (vs nil)
  • Profit after exceptional items before tax: ₹8,569 (vs ₹10,770)
  • Total tax expense: ₹2,145 (vs ₹2,776)
  • Profit for the year: ₹6,424 (vs ₹7,994)
  • Total comprehensive income: ₹6,664 (vs ₹7,931)
  • Basic and diluted EPS: ₹63.33 (vs ₹78.81)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹26,453
  • Profit for the quarter: ₹2,692
  • Basic and diluted EPS: ₹26.54

Exceptional Items

The Company accounted for exceptional items of ₹999 lakh for the year ended March 31, 2026, comprising statutory impact of new Labour Codes implementation:

  • Gratuity: ₹702 lakh
  • Long-term compensated absences: ₹297 lakh

This results from the Government of India notifying four Labour Codes on November 21, 2025, consolidating 29 existing labor laws.

Dividend Recommendation

The Board recommended a final dividend of ₹23 per equity share (230%) on equity shares of face value ₹10 each for FY26, subject to shareholder approval at the ensuing AGM. If approved:

  • Payment on or after September 17, 2026
  • Record date: August 19, 2026
  • Register of Members closure: August 20-26, 2026

Management Changes

1. Appointment of Mr. Sameer Jain as Chief Corporate Officer effective July 1, 2026

  • Extensive experience in business planning, budgeting, costing, and treasury operations
  • Recipient of "Finance Leader of the Year - Auto 2023" award

2. Appointment of Mr. Sameer Jain (DIN: 11737255) as Whole-Time Director effective September 1, 2026

  • Five-year term until August 31, 2031
  • Subject to shareholder approval at AGM
  • Not related to any other Director
  • Not debarred from holding director office

3. Superannuation of Mr. Vinay Mittal (DIN: 05242535) as Whole-Time Director

  • Ceases effective September 1, 2026
  • Attaining superannuation on close of business hours September 30, 2026

Auditor Appointments

1. Internal Auditors for FY26-27:

  • M/s Deloitte Haskins & Sells LLP
  • M/s Das Patnaik & Co
  • Remuneration approved

2. Cost Auditors for FY26-27:

  • M/s Rakesh Singh & Co (re-appointment)
  • Remuneration subject to shareholder ratification

Financial Position (as at March 31, 2026)

  • Total assets: ₹1,03,182 lakh (vs ₹1,04,750 lakh)
  • Property, plant and equipment: ₹12,458 lakh (vs ₹10,178 lakh)
  • Inventories: ₹15,035 lakh (vs ₹11,885 lakh)
  • Trade receivables: ₹15,766 lakh (vs ₹11,805 lakh)
  • Cash and cash equivalents: ₹6,633 lakh (vs ₹3,065 lakh)
  • Total equity: ₹80,337 lakh (vs ₹86,353 lakh)

Cash Flow Highlights (FY26)

  • Net cash used in operating activities: (₹1,067) lakh
  • Net cash generated from investing activities: ₹17,241 lakh
  • Net cash used in financing activities: (₹12,639) lakh
  • Net increase in cash: ₹3,535 lakh

Additional Information

  • Company operates in single segment "Power Products"
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Results reviewed by Audit Committee and approved by Board
  • Figures for quarters are balancing figures between audited annual figures and published unaudited YTD figures