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Latest filing: 2026-09-09 14:41
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Honda India Power faces ₹29.82 Cr IT demand for AY 2023-24; to appeal at ITAT
Honda India Power Products received an Income Tax assessment order for Assessment Year 2023-24 with expenditure disallowances resulting in a tax demand (including interest) of ₹29.82 crore. This demand represents approximately 45.2% of its TTM net profit of ₹66 crore. The company stated that similar issues for previous years have already been ruled in its favour by higher courts. Honda India Power plans to challenge the order by filing an appeal before the Income Tax Appellate Tribunal (ITAT).
Confidence: HIGH
What changedThe Income Tax Authority issued an assessment order disallowing certain expenses, levying a ₹29.82 crore demand for AY 2023-24.
Why it mattersWhile the company cites past favorable court precedents on similar matters, the ₹29.82 crore demand is material relative to its annual profit run-rate (~₹66 crore TTM PAT).
Tax demand (incl interest): Rs 29.82 CroresDemand vs TTM PAT: ~45.2%Demand vs Net Worth: ~3.7%Assessment Year: AY 2023-24
📅 Short termSentiment may see minor pressure given the sizable headline tax demand relative to quarterly earnings, though immediate cash outflow depends on stay/appeal proceedings.
📈 Long termLimited structural impact if higher appellate authorities sustain previous precedents decided in the company's favor.
⚠ Risk flags
- Unfavorable ITAT outcome could lead to cash outflow representing nearly half of annual PAT
- Potential requirement of partial pre-deposit during the appeal process
Key Highlights
Received tax assessment order u/s 143(3) r.w.s. 144C(13) read with 144B for AY 2023-24
Total tax demand including interest stands at ₹29.82 Crores
Demand equals ~45.2% of FY TTM PAT (₹66 Cr)
Communication received on September 09, 2026 at 08:47 AM
Company to appeal before the Income Tax Appellate Tribunal (ITAT)
👀 What to Watch
Track the filing of the ITAT appeal and monitor if any interim pre-deposit is mandated, which could temporarily impact cash flows.
Rs 23 Final Dividend: Honda India Power Products Sets Record Date for Aug 19, 2026
Honda India Power Products has announced the schedule for its 41st Annual General Meeting (AGM) and final dividend for FY 2025-26. The company recommended a final dividend of Rs 23 per share (230% of face value), with the record date fixed for August 19, 2026. Payment is scheduled for September 17, 2026, provided shareholder approval is obtained at the AGM on August 26, 2026. Notably, the company emphasized that dividends will be withheld for shareholders who have not updated their PAN, KYC, and bank details as per SEBI mandates.
Confidence: HIGH
What changedThe company has formalized the timeline for its FY26 final dividend payment and the 41st AGM, while implementing stricter SEBI-mandated KYC compliance for payouts.
Why it mattersThis is a routine but significant cash outflow to shareholders; the Rs 23 dividend represents a yield of approximately 1.08% based on the current price of Rs 2119.7.
Final Dividend: Rs 23 per shareDividend Yield: 1.08%Record Date: August 19, 2026Payment Date: September 17, 2026AGM Date: August 26, 2026
📅 Short termThe stock is likely to trade ex-dividend around August 19, 2026. Investors will look for management commentary during the AGM on August 26 regarding the 10% expected growth rate.
📈 Long termLimited structural impact as this is a routine dividend; however, the company's focus on E20 gasoline compliance and new engine models remains the primary long-term driver.
⚠ Risk flags
- Dividend withholding for shareholders with incomplete KYC/Bank records
Key Highlights
Final dividend recommended at Rs 23 per equity share of Rs 10 face value (230%).
Record date for dividend eligibility and e-voting cut-off is August 19, 2026.
41st Annual General Meeting (AGM) to be held on August 26, 2026, via video conferencing.
Final dividend payment date scheduled for September 17, 2026.
Mandatory electronic payment requirement as per SEBI circular dated February 6, 2026.
👀 What to Watch
Shareholders, especially those holding physical certificates, must update their PAN, KYC, and bank details with the RTA (MAS Services Limited) before August 19, 2026, to ensure receipt of the dividend.
₹23 Final Dividend and New Whole Time Director Appointment Announced
Honda India Power Products has scheduled its 41st Annual General Meeting (AGM) for August 26, 2026. The company has proposed a final dividend of ₹23 per equity share for FY 2025-26, representing a payout ratio of approximately 36% based on the FY26 EPS of ₹63.33. Additionally, the board has proposed the appointment of Mr. Sameer Jain as Whole Time Director for a five-year term starting September 1, 2026. The record date for the dividend is fixed for August 19, 2026.
Confidence: HIGH
What changedThe company has formalized its annual shareholder meeting, set the timeline for its dividend payout, and initiated a leadership transition in its executive board.
Why it mattersThe dividend confirms the company's commitment to shareholder returns despite a 20% drop in PAT from FY25 (₹80 Cr) to FY26 (₹64 Cr). The management change ensures leadership continuity for the next five years.
Final Dividend: ₹23 per shareDividend Yield (at ₹2119.7): 1.08%Dividend Payout Ratio: 36.3%Record Date: August 19, 2026Proposed WTD Basic Salary: ₹7,50,000 per month
📅 Short termThe stock is likely to trade with a focus on the upcoming dividend record date of August 19, though the yield is relatively modest at ~1.1%.
📈 Long termThe company's focus on upgrading manufacturing for E20 compliance and expanding the 4-inch water pump portfolio remains critical for maintaining its market leadership in the portable power segment.
⚠ Risk flags
- Dependency on Honda Motor Co. Ltd. Japan for technical know-how
- Slow release of government funds impacting rural water pump demand
- Decline in annual PAT from ₹80 Cr to ₹64 Cr
Key Highlights
Final dividend of ₹23 per equity share (230% of face value) proposed for FY 2025-26.
Record date for dividend eligibility set for August 19, 2026.
Appointment of Mr. Sameer Jain as Whole Time Director for a 5-year tenure with a basic salary of ₹7,50,000 per month.
FY26 annual revenue reported at ₹866 Cr with a PAT of ₹64 Cr.
Register of Members and Share Transfer books to remain closed from August 20 to August 26, 2026.
👀 What to Watch
Investors should track the AGM for management commentary on the rollout of E20 gasoline-compliant gensets and the recovery of the water pump segment, which faced a 15-20% delay in rural demand due to slow government funding.
Honda India Power Appoints Sameer Jain as CFO; Vinay Mittal to Retire in Sept 2026
Honda India Power Products Limited has announced a transition in its top leadership following a board meeting on July 30, 2026. Mr. Sameer Jain, a finance professional with nearly 30 years of experience, will take over as Chief Financial Officer effective October 1, 2026. He succeeds Mr. Vinay Mittal, who is set to retire from the CFO position on September 30, 2026, and will resign as a Whole Time Director earlier on September 1, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026.
Confidence: HIGH
What changedThe company is replacing its long-standing CFO and Whole Time Director due to retirement, bringing in new leadership for its financial operations.
Why it mattersThe CFO is a critical Key Managerial Personnel (KMP) responsible for financial strategy and compliance; a smooth transition is essential for a company with a market cap of Rs 2,142 Cr and zero debt.
CFO Appointment Date: October 01, 2026CFO Retirement Date: September 30, 2026Director Resignation Date: September 01, 2026New CFO Experience: nearly 3 decades
📅 Short termThe announcement is administrative and likely to have a neutral impact on the stock price in the coming weeks as it represents a planned succession.
📈 Long termLimited structural impact expected, provided the new CFO maintains the company's strong balance sheet and 0.00 D/E ratio while navigating the 10% expected growth rate.
Key Highlights
Appointment of Mr. Sameer Jain as CFO effective October 01, 2026
Retirement of current CFO Mr. Vinay Mittal on September 30, 2026
Resignation of Mr. Vinay Mittal as Whole Time Director effective September 01, 2026
New CFO Mr. Sameer Jain brings nearly 30 years of experience in business planning and treasury
Board meeting concluded within 33 minutes (05:15 P.M. to 05:48 P.M.)
👀 What to Watch
Investors should monitor the transition period through September 2026 and look for the detailed Q1 FY27 financial results to assess the company's performance against its TTM revenue of Rs 866 Cr.
Honda India Power Appoints Sameer Jain as CFO; Vinay Mittal to Retire by Sept 2026
Honda India Power Products Limited has announced a planned leadership transition in its finance department. Mr. Vinay Mittal will resign as Whole Time Director on September 01, 2026, and retire as Chief Financial Officer (CFO) on September 30, 2026. The board has appointed Mr. Sameer Jain as the new CFO effective October 01, 2026. Mr. Jain brings nearly 30 years of experience and was previously recognized as 'Finance Leader of the Year - Auto 2023'.
Confidence: HIGH
What changedThe company is replacing its long-standing CFO and Whole Time Director, Vinay Mittal, with Sameer Jain, a seasoned finance professional from the automotive sector.
Why it mattersThe CFO role is critical for managing the company's Rs 803 Cr net worth and its strategic shift toward construction segment mechanization and new engine models. A smooth transition is essential to maintain the current 9.4% operating margins.
New CFO Effective Date: October 01, 2026WTD Resignation Date: September 01, 2026New CFO Experience: nearly 30 yearsTTM Revenue: Rs 866 CrMarket Cap: Rs 2142 Cr
📅 Short termThe announcement is unlikely to impact the stock price significantly in the short term as it represents a planned retirement and succession rather than an abrupt exit.
📈 Long termThe appointment of a 'Finance Leader of the Year' from the auto sector may bring fresh strategic perspectives to Honda's engine and portable machinery business as it targets 10% expected growth.
Key Highlights
Mr. Vinay Mittal to step down as Whole Time Director effective September 01, 2026.
Mr. Vinay Mittal to retire as CFO effective close of business hours on September 30, 2026.
Mr. Sameer Jain appointed as CFO effective October 01, 2026.
Incoming CFO Sameer Jain has nearly 30 years of experience in business planning, treasury, and tax compliance.
The transition occurs as the company manages a TTM revenue of Rs 866 Cr and a 192% increase in CWIP for facility upgrades.
👀 What to Watch
Investors should monitor the transition during the October-December 2026 quarter to ensure continuity in financial strategy, particularly regarding the company's ongoing E20 gasoline compliance upgrades and water pump portfolio expansion.
Honda India Power Appoints Sameer Jain as CFO; Vinay Mittal to Retire
Honda India Power Products Limited has announced a planned leadership transition in its finance department. Mr. Sameer Jain will take over as Chief Financial Officer (CFO) effective October 01, 2026, succeeding Mr. Vinay Mittal, who will retire on September 30, 2026. Additionally, Mr. Mittal will step down from his position as Whole Time Director earlier on September 01, 2026. This change comes as the company manages a TTM revenue of ₹866 crore and maintains a debt-free balance sheet.
Confidence: HIGH
What changedThe company is replacing its CFO and Whole Time Director due to retirement, bringing in a new leader with three decades of experience in the automotive and finance sectors.
Why it mattersThe CFO role is critical for HONDAPOWER as it navigates regulatory shifts to E20 gasoline standards and attempts to reverse a 25.1% decline in share price over the last 12 months through new product launches.
New CFO Effective Date: October 01, 2026Current CFO Retirement Date: September 30, 2026TTM Revenue: ₹866 crDebt-to-Equity Ratio: 0.00CWIP (as of Sept 2025): ₹18.65 cr
📅 Short termThe announcement is unlikely to cause immediate price volatility as it is a planned retirement and succession with a clear timeline.
📈 Long termThe new CFO will be responsible for managing the financial health during the company's expansion into the construction segment and the rollout of new high-torque engine models.
⚠ Risk flags
- Transition risk during a period of regulatory change (E20 compliance)
Key Highlights
Mr. Sameer Jain appointed as CFO effective October 01, 2026.
Mr. Vinay Mittal to retire as CFO on September 30, 2026, and resign as Whole Time Director on September 01, 2026.
Incoming CFO Sameer Jain brings nearly 30 years of experience and was named 'Finance Leader of the Year - Auto 2023'.
The transition occurs while the company maintains a strong net worth of ₹803 crore and zero debt.
👀 What to Watch
Investors should monitor the transition for any shifts in capital allocation strategy, particularly regarding the ongoing ₹18.65 crore CWIP focused on E20 gasoline compliance and manufacturing upgrades.
Honda India Power Appoints Sameer Jain as CFO; Vinay Mittal to Retire
Honda India Power Products Limited has announced a planned leadership transition in its finance department. Mr. Sameer Jain, a seasoned professional with nearly 30 years of experience, will take over as Chief Financial Officer effective October 01, 2026. This follows the retirement of the current CFO, Mr. Vinay Mittal, who will step down from his CFO role on September 30, 2026, and resign as a Whole Time Director earlier on September 01, 2026. The transition comes as the company manages a TTM revenue of ₹866 Cr and a net worth of ₹803 Cr.
Confidence: HIGH
What changedA planned succession in the Chief Financial Officer role and the resignation of a Whole Time Director due to retirement.
Why it mattersThe CFO transition is critical for a company navigating a period of margin pressure (OPM at 9.4% vs 10.96% in FY25) and managing technical transitions to E20 gasoline-compliant products.
CFO Appointment Date: October 01, 2026WTD Resignation Date: September 01, 2026TTM Revenue: ₹866 CrNet Worth: ₹803 CrCWIP (as of Sep 2025): ₹18.65 Cr
📅 Short termThe announcement is procedural and unlikely to impact the stock price significantly in the short term, as it represents a planned retirement and succession.
📈 Long termThe new CFO's extensive experience in the auto/power products sector will be vital for managing the company's 10% expected growth rate and maintaining its 60k+ unit market leadership in the water pump segment.
Key Highlights
Mr. Sameer Jain appointed as CFO effective October 01, 2026, bringing nearly 3 decades of experience.
Current CFO Mr. Vinay Mittal to retire from the company on September 30, 2026.
Mr. Vinay Mittal will resign from the position of Whole Time Director earlier on September 01, 2026.
The incoming CFO was previously honored as 'Finance Leader of the Year - Auto 2023'.
The company maintains a strong balance sheet with a Debt/Equity ratio of 0.00.
👀 What to Watch
Investors should monitor the transition period between September and October 2026 for any shifts in financial strategy or capital allocation, particularly regarding the ₹18.65 Cr capital work-in-progress (CWIP) for facility upgrades.
Honda India Power Products Appoints Sameer Jain as CFO; Q1 FY27 Results Approved
Honda India Power Products has approved its unaudited financial results for the quarter ended June 30, 2026. The company also announced a significant leadership transition: Mr. Sameer Jain will take over as Chief Financial Officer effective October 1, 2026. He succeeds Mr. Vinay Mittal, who is retiring from the CFO role on September 30, 2026, and will resign as a Whole Time Director on September 1, 2026. This transition occurs as the company manages a TTM revenue of Rs 866 Cr and a market cap of Rs 2,142 Cr.
Confidence: HIGH
What changedThe company is undergoing a planned leadership transition in its finance department and has released its first-quarter financial performance data for the 2026-27 fiscal year.
Why it mattersA change in CFO and Whole Time Director is a key governance event; the new leadership will be responsible for managing the company's capital allocation and its ongoing expansion into E20 gasoline-compliant products.
CFO Appointment Date: October 01, 2026WTD Resignation Date: September 01, 2026TTM Revenue: Rs 866 CrNet Worth: Rs 803 CrTTM PAT: Rs 64 Cr
📅 Short termThe stock may react to the specific Q1 earnings figures (revenue/PAT growth) released alongside this announcement; the management change is a medium-term factor.
📈 Long termThe new CFO will need to oversee the utilization of the 192% increase in CWIP (reported previously) and maintain the company's 60k+ unit leadership in the water pump segment.
⚠ Risk flags
- Management transition risk
- Dependency on Honda Motor Co. Ltd for technical knowledge
Key Highlights
Appointment of Mr. Sameer Jain as CFO effective October 1, 2026, bringing nearly 30 years of experience.
Retirement of current CFO Mr. Vinay Mittal effective close of business September 30, 2026.
Resignation of Mr. Vinay Mittal from the position of Whole Time Director effective September 1, 2026.
Board meeting concluded in 33 minutes, running from 5:15 P.M. to 5:48 P.M. on July 30, 2026.
Company maintains a strong debt-free balance sheet with a net worth of Rs 803 Cr.
👀 What to Watch
Investors should review the detailed Q1 FY27 financial results to see if revenue has improved over the Jun 2025 base of Rs 155 Cr and monitor the transition of the new CFO.
Honda Power Appoints Sameer Jain as CFO; Approves Q1 FY27 Financial Results
Honda India Power Products has announced a leadership transition, appointing Mr. Sameer Jain as the new Chief Financial Officer effective October 1, 2026. He succeeds Mr. Vinay Mittal, who is retiring from the CFO role on September 30, 2026, and resigning as a Whole Time Director on September 1, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026. Mr. Jain brings nearly 30 years of experience in business planning, treasury, and tax compliance to the company.
Confidence: HIGH
What changedA planned leadership transition in the finance department due to the retirement of the incumbent CFO and Whole Time Director.
Why it mattersThe CFO transition is critical for maintaining financial discipline as the company (Rs 2,142 Cr market cap) navigates regulatory shifts like E20 gasoline compliance and expansion into the construction segment.
New CFO Experience: 3 decadesNew CFO Effective Date: October 01, 2026TTM Revenue: Rs 866 CrMarket Cap: Rs 2142 CrPromoter Holding: 66.7%
📅 Short termThe management change is unlikely to impact the stock price immediately; focus will remain on the Q1 FY27 earnings performance relative to the previous year's June quarter.
📈 Long termThe appointment of an experienced 'Finance Leader of the Year' suggests a focus on strengthening strategic initiatives and process efficiency over the coming years.
Key Highlights
Appointment of Mr. Sameer Jain as CFO effective October 01, 2026
Retirement of current CFO Mr. Vinay Mittal on September 30, 2026
Resignation of Mr. Vinay Mittal as Whole Time Director effective September 01, 2026
Incoming CFO Mr. Sameer Jain has nearly 30 years of professional experience
Board meeting concluded in 33 minutes (05:15 P.M. to 05:48 P.M.)
👀 What to Watch
Investors should review the detailed Q1 FY27 financial tables once published to see if the company is maintaining its 10% growth target and managing the 15-20% potential delay in water pump sales mentioned in previous filings.
Honda India Power FY26 PAT Drops 19.6% to ₹64.2 Cr; Recommends ₹13 Dividend
Honda India Power Products reported a 9% growth in annual revenue to ₹865.45 crore for FY26, although Q4 revenue was slightly lower year-on-year. Despite the top-line growth, net profit for the full year declined by 19.6% to ₹64.24 crore, primarily due to higher material costs and a one-time exceptional charge of ₹9.99 crore related to new labour codes. The company has recommended a final dividend of ₹13 per share (130% of face value). Additionally, a leadership transition was announced with Mr. Sameer Jain appointed as Whole-Time Director effective September 2026.
Key Highlights
Annual Revenue from operations increased 9% to ₹865.45 crore in FY26 compared to ₹794.23 crore in FY25.
Net Profit for the full year fell to ₹64.24 crore from ₹79.94 crore in the previous fiscal year.
Recommended a final dividend of ₹13 per equity share of ₹10 each for the financial year ended March 31, 2026.
Recognized an exceptional loss of ₹9.99 crore due to the statutory impact of new Labour Codes on gratuity and leave encashment.
Domestic sales contributed ₹665.62 crore to the total revenue, while exports stood at ₹190.25 crore for FY26.
👀 What to Watch
Investors should monitor the company's ability to pass on rising raw material costs, as margins have been significantly compressed despite revenue growth. While the dividend remains steady, the decline in bottom-line performance suggests a cautious outlook in the near term.
Honda India Power FY26 Revenue Up 9% to ₹865 Cr; PAT Falls 19.6% to ₹64.2 Cr; ₹13 Dividend
Honda India Power Products reported a 9% growth in annual revenue to ₹865.45 crore for FY26, up from ₹794.23 crore in FY25. However, Net Profit (PAT) declined by 19.6% to ₹64.24 crore, significantly impacted by an exceptional item of ₹9.99 crore related to new Labour Code provisions. The Board has recommended a final dividend of ₹13 per share (130%), maintaining shareholder returns despite the profit dip. Additionally, the company announced a leadership transition with Mr. Sameer Jain set to become Whole-Time Director in September 2026.
Key Highlights
Annual Revenue from operations grew 8.9% YoY to ₹86,545 lakhs in FY26.
Profit After Tax (PAT) for FY26 fell to ₹6,424 lakhs from ₹7,994 lakhs in FY25.
Exceptional charge of ₹999 lakhs recognized for statutory impact of new Labour Codes (Gratuity and Leave Encashment).
Recommended a final dividend of ₹13 per equity share with a record date of August 19, 2026.
Q4 FY26 PAT stood at ₹2,692 lakhs compared to ₹3,616 lakhs in Q4 FY25, reflecting margin pressure.
👀 What to Watch
Investors should be cautious as profitability has declined despite revenue growth, indicating rising input costs and statutory overheads. The stock remains a dividend play, but the 19% drop in annual EPS to ₹63.33 may weigh on near-term valuations.
Honda India Power FY26 Revenue Rises 9% to ₹865 Cr; PAT Falls 20%; ₹17.50 Dividend Declared
Honda India Power Products reported a 9% year-on-year growth in revenue for FY26, reaching ₹86,545 lakhs. However, Profit After Tax (PAT) declined by approximately 20% to ₹6,424 lakhs from ₹7,994 lakhs in FY25, impacted by higher material costs and a ₹999 lakh exceptional charge related to new Labour Codes. Despite the profit dip, the board has recommended a dividend of ₹17.50 per share. The company also announced a leadership transition with Mr. Sameer Jain appointed as Whole-Time Director effective September 2026.
Key Highlights
Annual Revenue from operations increased by 8.9% YoY to ₹86,545 lakhs from ₹79,423 lakhs.
Net Profit (PAT) for FY26 decreased to ₹6,424 lakhs compared to ₹7,994 lakhs in the previous year.
Exceptional item of ₹999 lakhs recognized due to the statutory impact of new Labour Codes on gratuity and compensated absences.
Board recommended a dividend of ₹17.50 per equity share (175% of face value) for FY26.
Export revenue (Outside India) showed strong growth, rising to ₹19,025 lakhs from ₹16,346 lakhs YoY.
👀 What to Watch
Investors should be cautious as margin pressure is evident from the decline in PAT despite revenue growth. Monitor the company's ability to pass on rising material costs to customers in the upcoming quarters.
Honda India Power FY26 Revenue Up 9% to ₹865 Cr; PAT Falls 20%; ₹13 Dividend Declared
Honda India Power Products reported a 9% growth in annual revenue to ₹865.45 crore for FY26, driven by strong domestic and export performance. However, Net Profit for the year declined by 19.6% to ₹64.24 crore, impacted by higher material costs and a one-time exceptional charge of ₹9.99 crore related to new statutory labour codes. The Board has recommended a final dividend of ₹13 per share, maintaining its payout consistency. A leadership transition is also planned, with Mr. Sameer Jain appointed as Whole-Time Director effective September 2026.
Key Highlights
Annual Revenue from operations grew 9% YoY to ₹865.45 crore in FY26 compared to ₹794.23 crore in FY25.
Net Profit for FY26 stood at ₹64.24 crore, down from ₹79.94 crore in the previous fiscal year.
Recommended a final dividend of ₹13 per equity share (130%) for the financial year ended March 31, 2026.
Recognized a one-time exceptional expense of ₹9.99 crore due to the statutory impact of new Labour Codes.
Export revenue showed healthy growth, rising to ₹190.25 crore in FY26 from ₹163.46 crore in FY25.
👀 What to Watch
Investors should monitor the company's ability to pass on rising raw material costs, which significantly pressured margins this year. The steady dividend and export growth are positive, but the management transition in September 2026 warrants a watch.
Honda India Power FY26 PAT Drops 19.6% to ₹64.2 Cr; Declares ₹13 Dividend
Honda India Power Products reported a 9% growth in annual revenue to ₹865.45 crore for FY26, driven by steady domestic and export demand. However, Profit After Tax (PAT) declined by 19.6% to ₹64.24 crore, primarily due to higher material costs and a ₹9.99 crore exceptional charge related to new statutory labour codes. The company maintained its dividend payout, recommending ₹13 per share. A leadership transition is also planned, with Mr. Sameer Jain set to join the board as a Whole-Time Director later in 2026.
Key Highlights
Annual Revenue from operations increased 9% YoY to ₹86,545 lakhs compared to ₹79,423 lakhs in FY25.
Net Profit (PAT) fell to ₹6,424 lakhs from ₹7,994 lakhs, resulting in EPS dropping from ₹78.81 to ₹63.33.
Exceptional item of ₹999 lakhs recognized for gratuity and compensated absences under new Labour Codes.
Recommended a final dividend of ₹13 per equity share (130%) with a record date of August 19, 2026.
Export revenue showed healthy growth, rising to ₹19,025 lakhs from ₹16,346 lakhs in the previous year.
👀 What to Watch
Investors should be cautious as rising raw material costs and statutory provisions have significantly compressed margins despite revenue growth. Monitor the upcoming management transition and the company's ability to pass on cost increases to maintain profitability.
Honda India Power FY26 PAT Drops 19.6% to ₹64.2 Cr; Recommends ₹13 Dividend
Honda India Power Products reported a decline in annual net profit to ₹64.24 crore for FY26, down from ₹79.94 crore in FY25, despite a 9% increase in total revenue to ₹865.45 crore. The profitability was significantly impacted by an exceptional charge of ₹9.99 crore related to the statutory impact of new Labour Codes. The Board has recommended a final dividend of ₹13 per share (130% of face value) with a record date of August 19, 2026. Additionally, the company announced a leadership transition, appointing Mr. Sameer Jain as Whole-Time Director effective September 2026.
Key Highlights
Annual Revenue from operations grew 8.9% YoY to ₹86,545 lakhs in FY26.
Net Profit for FY26 decreased by 19.6% to ₹6,424 lakhs compared to ₹7,994 lakhs in FY25.
Recommended a final dividend of ₹13 per equity share (130%) for the financial year ended March 31, 2026.
Exceptional item of ₹999 lakhs recorded in FY26 due to the statutory impact of new Labour Codes on gratuity and absences.
Domestic revenue contributed ₹66,562 lakhs while exports accounted for ₹19,025 lakhs of the total FY26 revenue.
👀 What to Watch
Investors should note the margin contraction as profits fell despite higher sales, largely due to rising material costs and exceptional items. The stock may see some support from the ₹13 dividend, but long-term growth depends on managing operational costs and the successful leadership transition.
Honda India Power FY26 PAT Drops 19.6% to ₹64.2 Cr; Recommends ₹13 Dividend
Honda India Power Products reported a 9% growth in annual revenue to ₹865.45 crore for FY26, but net profit declined by 19.6% to ₹64.24 crore. The bottom line was significantly impacted by a one-time exceptional charge of ₹9.99 crore related to the statutory impact of new Labour Codes and increased cost of materials. For the final quarter (Q4 FY26), revenue remained nearly flat at ₹264.5 crore, while PAT fell 25.5% YoY. Despite the earnings pressure, the board has recommended a final dividend of ₹13 per share.
Key Highlights
Annual Revenue from operations increased 8.9% YoY to ₹865.45 crore in FY26.
Net Profit for the full year fell to ₹64.24 crore compared to ₹79.94 crore in FY25.
Recommended a final dividend of ₹13 per equity share (130%) for the financial year.
Recognized an exceptional loss of ₹9.99 crore due to the incremental impact of new Labour Codes.
Mr. Sameer Jain appointed as Whole-Time Director effective September 1, 2026, succeeding Mr. Vinay Mittal.
👀 What to Watch
Investors should be cautious as rising input costs and statutory provisions have eroded margins despite revenue growth. While the ₹13 dividend offers a yield support, the stock's performance will depend on the company's ability to pass on costs in the upcoming quarters.
Honda India Power Declares Rs 13 Dividend; FY26 Revenue Rises 9% to Rs 865 Cr
Honda India Power Products reported a 9% YoY increase in annual revenue to Rs 865.45 crore for FY26, though net profit declined to Rs 64.24 crore from Rs 79.94 crore in FY25. The Board recommended a final dividend of Rs 13 per share (130%), with the record date set for August 19, 2026. Profitability was notably impacted by a one-time exceptional charge of Rs 9.99 crore related to the statutory impact of new Labour Codes. Additionally, a leadership transition was announced with Mr. Sameer Jain succeeding Mr. Vinay Mittal as Whole-Time Director in September 2026.
Key Highlights
Recommended a final dividend of Rs 13 per equity share (130%) for FY26 with a record date of August 19, 2026.
Annual revenue from operations grew 9% YoY to Rs 86,545 lakhs compared to Rs 79,423 lakhs in the previous year.
Net profit for FY26 fell to Rs 6,424 lakhs from Rs 7,994 lakhs, largely due to a Rs 999 lakh exceptional item for labor code provisions.
Earnings Per Share (EPS) for the full year decreased to Rs 63.33 from Rs 78.81 in FY25.
Appointed Mr. Sameer Jain as Whole-Time Director effective September 01, 2026, following the superannuation of Mr. Vinay Mittal.
👀 What to Watch
Investors should focus on the steady dividend payout while monitoring the impact of rising material costs and the management transition. The decline in net profit is primarily due to one-time statutory charges, so core operational efficiency in FY27 will be key to watch.
Honda India Power Products FY26 PAT Drops 19.6% to ₹64.2 Cr; Announces ₹13 Dividend
Honda India Power Products reported a 8.9% YoY increase in revenue to ₹865.45 crore for FY26, driven by growth in both domestic and export markets. However, net profit declined by 19.6% to ₹64.24 crore, significantly impacted by higher material costs and a ₹9.99 crore exceptional charge related to the new statutory Labour Codes. The Board has recommended a final dividend of ₹13 per share (130% of face value). The company also announced a leadership transition, with Mr. Sameer Jain set to succeed the retiring Mr. Vinay Mittal as Whole-Time Director in September 2026.
Key Highlights
Annual Revenue from operations grew 8.9% YoY to ₹865.45 crore in FY26 compared to ₹794.23 crore in FY25.
Net Profit (PAT) declined 19.6% YoY to ₹64.24 crore, with EPS falling to ₹63.33 from ₹78.81.
Recommended a final dividend of ₹13 per equity share for FY26, with a record date of August 19, 2026.
Recognized an exceptional loss of ₹9.99 crore due to incremental gratuity and leave encashment liabilities under new Labour Codes.
Export revenue increased by 16.4% YoY to ₹190.25 crore, while domestic revenue grew by 6.9% to ₹665.62 crore.
👀 What to Watch
Investors should monitor the company's ability to pass on rising raw material costs, as margin contraction led to a profit decline despite higher sales. The steady dividend payout and smooth leadership transition provide some stability for long-term holders.
Honda India Power Products Recommends Rs. 13 Dividend; FY26 Revenue Up 9% to Rs. 865 Cr
Honda India Power Products has recommended a final dividend of Rs. 13 per share (130%) for FY 2025-26, with the record date set for August 19, 2026. While annual revenue grew 9% to Rs. 86,545 lakhs, net profit declined by 19.6% to Rs. 6,424 lakhs compared to the previous year. This profit decline was partially attributed to an exceptional item of Rs. 999 lakhs related to the statutory impact of new Labour Codes. The company also announced a leadership transition, appointing Mr. Sameer Jain as a Whole-Time Director effective September 2026.
Key Highlights
Recommended final dividend of Rs. 13 per equity share for the financial year ended March 31, 2026.
Annual revenue from operations increased to Rs. 86,545 lakhs from Rs. 79,423 lakhs in the previous year.
Net profit for the year fell to Rs. 6,424 lakhs from Rs. 7,994 lakhs, resulting in an EPS drop to Rs. 63.33.
Exceptional item of Rs. 999 lakhs recorded due to the incremental impact of new Labour Codes on gratuity and absences.
Record date for dividend is August 19, 2026, with payment scheduled for September 17, 2026.
👀 What to Watch
Investors may find the dividend yield attractive, but should closely monitor the compression in net profit margins and the impact of exceptional costs. The leadership transition in the coming months should also be watched for its effect on operational strategy.
Honda India Power FY26 Revenue Up 9% to ₹865 Cr; Declares ₹13 Per Share Dividend
Honda India Power Products reported a 9% year-on-year growth in annual revenue to ₹86,545 lakhs for FY26. However, net profit for the year declined to ₹6,424 lakhs from ₹7,994 lakhs in FY25, primarily due to higher material costs and a ₹999 lakh exceptional charge related to new Labour Codes. The company declared a final dividend of ₹13 per share (130%) and announced a key management transition with Mr. Sameer Jain appointed as Whole-Time Director effective September 2026.
Key Highlights
Annual revenue from operations grew 8.9% YoY to ₹86,545 lakhs compared to ₹79,423 lakhs in FY25.
Net Profit (PAT) declined by 19.6% YoY to ₹6,424 lakhs, with EPS dropping from ₹78.81 to ₹63.33.
Recommended a final dividend of ₹13 per equity share (130% of face value) for FY 2025-26.
Recognized an exceptional item of ₹999 lakhs as a statutory impact of new Labour Codes (gratuity and compensated absences).
Export revenue showed significant growth, reaching ₹19,025 lakhs compared to ₹16,346 lakhs in the previous year.
👀 What to Watch
Investors should note the steady top-line growth and strong export performance, but remain cautious about the margin compression caused by rising material costs. The ₹13 dividend offers a decent yield, but the profit decline warrants monitoring of operational efficiency in upcoming quarters.
