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India Glycols Declares 150% Interim Dividend!
17 Mar
Summary
- Board approved a significant 150% interim dividend.
- Record date set for March 23, 2026 for dividend eligibility.
- Q3 net profit rose 19% to ₹67.6 crore; revenue up 5.2%.
India Glycols' Board of Directors approved a significant interim dividend of 150% on March 17. This dividend amounts to ₹5 per equity share, with March 23, 2026, established as the record date. Shareholders of record will receive their payout within 30 days.
The company demonstrated robust financial performance in its third quarter. Net profit saw a 19% increase compared to the previous year, reaching ₹67.6 crore. Revenue from operations grew by 5.2% year-on-year, amounting to ₹2,551 crore.
Operating performance also showed marked improvement, with EBITDA rising by 42.7% to ₹176.2 crore. This improvement led to an expansion of the EBITDA margin to 6.9% from 5% in the prior year.
In a separate development, India Glycols achieved a partial resolution in a customs duty case. The Commissioner (Appeals), Noida, partially upheld an order regarding duty short payment but set aside a significant portion of earlier penalties and fines. The original order had confirmed a duty short payment of ₹33.43 crore plus interest, along with substantial penalties.
