Bright Outdoor Media posts 26% PAT rise in FY26, approves dividend
- Net profit after tax rose 26% YoY to ₹2,404.67 crore in FY26
- Revenue from operations grew 21% to ₹15,302.65 crore
- Board approved final dividend of ₹0.50 per equity share
- Shareholder approval sought for director remuneration hike under Section 197
- Bonus shares issued in 1:2 ratio diluted EPS to ₹12.26
*this image is generated using AI for illustrative purposes only.
Bright Outdoor Media Limited reported a 26% year-on-year increase in net profit to ₹2,404.67 crore for the financial year ended March 31, 2026, driven by a 21% surge in revenue from operations to ₹15,302.65 crore. The company also announced a final dividend of ₹0.50 per equity share and sought shareholder approval for increased director remuneration at its upcoming annual general meeting.
The board approved the Director’s Report and the notice for the 21st Annual General Meeting (AGM) scheduled for September 28, 2026, at Hotel Peninsula Grand in Mumbai. A key agenda item is the special resolution to increase director remuneration beyond the statutory limit under Section 197 of the Companies Act, 2013. This requires member approval as the aggregate managerial remuneration may exceed 11% of net profits, up to a maximum of 15%.
Financial Performance Highlights
The company’s top-line growth was supported by strong performance in its core advertising services and real estate segments. Operating profit before tax rose to ₹3,234.55 crore from ₹2,518.36 crore in the previous year. Total income reached ₹15,542.02 crore, reflecting an increase in other income to ₹240.20 crore from ₹130.56 crore in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹15,302.65 crore | ₹12,674.55 crore | +20.7% |
| Total Income | ₹15,542.02 crore | ₹12,805.12 crore | +21.4% |
| Profit Before Tax | ₹3,234.55 crore | ₹2,518.36 crore | +28.4% |
| Net Profit After Tax | ₹2,404.67 crore | ₹1,907.49 crore | +26.1% |
| Earnings Per Share (₹) | 12.26 | 13.11 | -6.5% |
Despite the absolute profit growth, earnings per share declined to ₹12.26 from ₹13.11 due to a bonus share issue in the ratio of 1:2 during the year, which increased the weighted average number of shares outstanding.
Capital Structure and Dividend
The company issued bonus equity shares, increasing its paid-up capital to ₹218.23 crore (2,18,23,166 shares) from ₹145.49 crore. Authorized capital was also raised to ₹220 crore. The board recommended a final dividend of 5% (₹0.50 per share), subject to shareholder approval at the AGM. The record date for dividend eligibility is September 21, 2026.
Governance and Board Changes
Mrs. Jagruti Yogesh Lakhani retires by rotation and seeks re-appointment as Non-Executive Director. Additionally, Ms. Kajal Ashish Avalani was appointed as a Non-Executive Independent Director effective June 12, 2026, following postal ballot approval. M/s Nikunj Kanabar & Associates has been appointed as the scrutinizer for the AGM voting process. Remote e-voting will be available from September 25 to September 27, 2026.
Historical Stock Returns for Bright Outdoor Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.22% | -0.29% | -1.14% | -14.25% | +5.78% | 0.0% |
How might the proposed increase in director remuneration to up to 15% of net profits impact shareholder sentiment and voting outcomes at the upcoming AGM?
What specific growth drivers in the advertising and real estate segments are expected to sustain the 21% revenue surge in FY27?
Will the company maintain its current dividend payout ratio given the increased capital base from the bonus share issue and higher absolute profits?
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