Linc Limited's FY26 Operating Income Stable at ₹532 Crore, PAT ₹36.6 Crore; Recommends ₹1.5 Dividend

Linc Limited held its 32nd Annual General Meeting on September 17, 2026, where the Managing Director delivered a speech reflecting on the company's performance and future outlook.

For Fiscal Year 2026 (FY26), Linc Limited reported an operating income of ₹532.07 crore, which was broadly stable year-on-year. The Profit After Tax (PAT) stood at ₹36.61 crore, resulting in a PAT margin of 6.9%. While these figures demonstrated business resilience, they fell short of the company's set expectations for growth and profitability. To enhance shareholder returns, the Board recommended a dividend of ₹1.50 per share, increasing the payout ratio to 24.4% from 23% in the previous year, subject to shareholder approval. The company maintained a sound balance sheet with a net cash position of ₹6.86 crore as of March 31, 2026.

The first quarter of FY27 presented challenges, with operating income growing by 1% year-on-year to ₹135.65 crore. Corporate Sales declined by 14% and Export revenue by 3%, impacted by geopolitical uncertainties. General Trade grew by 8% and e-commerce by 32%, driven by Linc On, the e-commerce subsidiary. However, Net Profit declined by 30.42% to ₹5.10 crore due to a sharp increase in polymer prices. Linc Limited plans to address input cost pressures through calibrated pricing, product mix optimization, procurement efficiencies, and stringent cost management.

To commemorate 50 years of the Linc brand, the company has launched comprehensive dealer and distributor engagement programs. A new manufacturing facility at Serakole, Kolkata, spread across 1.5 lakh square feet, is expected to become operational in Q3 FY27, aiming to improve operational efficiency and scalability.

Strategic partnerships include a joint venture with Mitsubishi Pencil Co. (Japan) commencing operations in October 2025, a 50:50 joint venture with a Turkish partner, and progress in its Kenya subsidiary and Subsidiary with Morris, Korea. The Linc On subsidiary, operational since FY26, is expected to gain scale from FY27 onwards.

The company remains committed to ESG principles, focusing on sustainable manufacturing, reduced environmental footprint, water conservation, responsible waste management, and social responsibility through community investments. Sound corporate governance, transparency, and ethical conduct are fundamental to its operations.

The Managing Director acknowledged the mixed performance in FY26 and the challenges in Q1 FY27, emphasizing a focus on improving growth, protecting margins, strengthening execution, optimizing costs, and ensuring tangible returns from investments. The company expressed confidence in its future growth driven by ongoing investments and operational discipline.