Prakash Pipes Approves FY26 Audited Results, Recommends 24% Final Dividend
Prakash Pipes announced its audited financial results for FY26. The company recommended a final dividend of 24% (₹2.40 per share), making the total dividend 34% (₹3.40 per share) for the year. Net sales for FY26 were ₹789 Crore, with Profit After Tax at ₹43 Crore and EPS of ₹18.09.
The recommendation of a higher dividend and improved financial performance are positive for shareholders, suggesting a medium-term impact on investor sentiment and potentially stock valuation.
The company reported increased total dividend, higher profit after tax and EPS compared to the previous year, and positive growth in sales and EBITDA for the quarter.
Prakash Pipes Limited's Board of Directors, in a meeting held on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company also recommended a final dividend of 24%, amounting to ₹2.40 per equity share of ₹10 face value, subject to shareholder approval.
This final dividend, combined with the earlier interim dividend of 10% (₹1 per share), brings the total dividend for the financial year to 34% (₹3.40 per share), an increase from the 24% (₹2.40 per share) paid in the previous year. The Board also approved the auditor's report with an unmodified opinion and the audited statement of assets and liabilities and cash flow as of March 31, 2026.
Furthermore, the Board re-appointed M/s SKG & Co. as the Cost Auditors for the Financial Year 2026-27, based on the recommendation of the Audit Committee. The Board meeting commenced at 4:30 PM and concluded at 5:35 PM.
The company reported Net Sales of ₹223 Crores and EBITDA of ₹23 Crores for the quarter ended March 31, 2026, a year-on-year growth of 22% and 24% respectively. Profit After Tax for the quarter rose by 31% to ₹13 Crores. For the full year, Net Sales stood at ₹789 Crores, EBITDA at ₹76 Crores, and Profit After Tax at ₹43 Crores, resulting in an Earnings Per Share (EPS) of ₹18.09.
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Prakash Pipes Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Prakash Pipes Limited. Read the original for the full detail.