Sicagen India Posts ₹18.07 Cr Profit for FY26, Recommends 10% Dividend

Sicagen India reported consolidated total income of ₹97,348 lakh (₹973.48 crore) and a consolidated net profit of ₹1,807 lakh (₹18.07 crore) for the fiscal year ended March 31, 2026.
Reader Takeaway: Profit grew on higher income; exceptional items and director changes require scrutiny.

What just happened (today’s filing)

Sicagen India's Board of Directors convened on May 13, 2026, to approve the audited financial results for FY26.

The company posted consolidated total income of ₹97,348 lakh (₹973.48 crore) and a consolidated net profit of ₹1,807 lakh (₹18.07 crore) for the year ended March 31, 2026.

Standalone revenue stood at ₹52,027 lakh (₹520.27 crore) with a net profit of ₹1,291 lakh (₹12.91 crore).

The Board recommended an equity dividend of 10%, equivalent to Re. 1 per share, subject to shareholder approval.

Significant directorship changes were announced: Mr. Prasanna Joshi was appointed as an additional and whole-time director, effective May 14, 2026.

Mr. Nandakumar Varma resigned as a Whole-Time Director, effective May 13, 2026, citing personal reasons.

Why this matters

The financial results indicate a year of steady performance for Sicagen India, with growth in both consolidated income and profit.

The dividend recommendation provides a direct return to shareholders, signalling confidence in the company's financial health.

Directorate changes can influence strategic direction and governance, making their impact a key point for investors to monitor.

The backstory (grounded)

Sicagen India is a diversified entity operating in infrastructure and EPC services, including power transmission and distribution.

The company has shown a positive trend in its top-line growth, with consolidated revenue increasing from ₹730.7 crore in FY23 to ₹814.8 crore in FY24.

What changes now

Shareholders will receive a dividend of 10% (Re. 1 per share) if approved at the AGM.

Mr. Prasanna Joshi joins as a Whole-time Director for a 3-year term, bringing new executive leadership.

M/s. Venkatesh & Co. and M/s. J. Karthikeyan & Associates have been appointed as Internal and Cost Auditors, respectively, for FY27.

Risks to watch

The company disclosed an 'Exceptional Item' related to the incremental impact of new Labour Codes, including gratuity and compensated absences, amounting to ₹29 lakh and ₹2 lakh respectively.

Finalisation of related rules for these codes and their accounting impact will need continuous monitoring.

Peer comparison

Sicagen India reported FY26 consolidated net profit of ₹18.07 crore on revenue of ₹973.48 crore.

Competitors like KEC International and Kalpataru Projects International operate in similar EPC domains, with KEC International reporting FY24 consolidated revenue of around ₹16,000 crore and PAT of ₹300 crore.

Skipper Ltd, another peer, posted FY24 consolidated revenue of about ₹3,000 crore and PAT of ₹130 crore.

Context metrics (time-bound)

• Consolidated Total Income for Sicagen India ranged from ₹730.7 Cr in FY23 to an estimated ₹890.0 Cr in FY25.
• Consolidated Net Profit for Sicagen India ranged from ₹13.13 Cr in FY23 to an estimated ₹16.50 Cr in FY25.

What to track next

Shareholder approval for the recommended 10% dividend at the upcoming AGM.

The company's strategy and operational execution under the new Whole-time Director, Mr. Prasanna Joshi.

Monitoring the final accounting impact and implications of the new Labour Codes on the company's financials.

Confirmation of the AGM date for dividend disbursement.