Shiva Texyarn Recommends ₹0.60 Dividend, Reports ₹9.72 Cr FY26 Profit

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AuthorIshaan Verma|Published at:
Shiva Texyarn Recommends ₹0.60 Dividend, Reports ₹9.72 Cr FY26 Profit
Overview

Shiva Texyarn recommended a dividend of ₹0.60 per share after reporting a standalone profit of ₹9.72 crore on revenue of ₹340.52 crore for the fiscal year ended March 31, 2026. The company also announced new senior management appointments.

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Shiva Texyarn Announces FY26 Results and Dividend Recommendation

Shiva Texyarn Limited has released its audited financial results for the fiscal year ending March 31, 2026. The company reported standalone revenue from operations of ₹340.52 crore and a standalone profit after tax of ₹9.72 crore. Consolidated profit after tax for the period was ₹10.21 crore.

Dividend and Shareholder Returns

The Board of Directors has recommended a final dividend of ₹0.60 per equity share, representing a 6% payout. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Management and Governance Updates

In addition to the financial results, Shiva Texyarn announced significant management changes. Sri M Gopalakrishnan has been appointed as the new Chief Operating Officer (COO), and Sri G K Raman has joined as President. The company also made amendments to its Memorandum of Association (MoA) and adopted new Articles of Association (AoA), aimed at aligning its structure with current regulations and supporting future growth.

Financial Performance Snapshot

Key financial metrics for FY26 include:

  • Standalone Revenue: ₹340.52 crore
  • Standalone Profit: ₹9.72 crore
  • Consolidated Profit: ₹10.21 crore
  • Recommended Dividend: ₹0.60 per share
  • Standalone Basic EPS: ₹7.50
  • Consolidated Basic EPS: ₹7.88

Outlook and Considerations

While the auditors issued an unmodified opinion, investors will be keen to see how the newly appointed management team executes its strategies. The textile industry faces inherent risks, including fluctuations in raw material prices and market demand, which will be important factors to monitor. The approval of the dividend at the AGM and the impact of the MoA/AoA amendments on future operations will also be key areas for investors to track.

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