Gandhi Special Tubes FY26 profit rises, buyback approved
Gandhi Special Tubes Limited reported a 16.5% increase in profit after tax to ₹6,836.43 lakh for FY26, with revenue from operations rising to ₹19,177.02 lakh. The board recommended a dividend of ₹15 per share and approved a buyback of up to 8,68,100 equity shares at ₹900 each, aggregating ₹78,12,90,000. The company also appointed new directors and a cost auditor, with the AGM scheduled for August 12, 2026.
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Gandhi Special Tubes Limited reported a profit after tax of ₹6,836.43 lakh for the financial year ended March 31, 2026, an increase from ₹5,867.41 lakh in the previous year. Revenue from operations for FY26 stood at ₹19,177.02 lakh compared to ₹17,253.68 lakh in FY25. The board approved a proposal to buyback equity shares and recommended a dividend of ₹15 per share. The statutory auditors, M/s. S.V. Doshi & Co., provided an unmodified opinion on the audited financial results.
Full-Year Financial Performance
For the full year, the company posted a total income of ₹20,361.49 lakh, up from ₹18,443.40 lakh in FY25. Total expenses for the year increased to ₹11,170.61 lakh from ₹10,768.68 lakh in the previous year. The following table summarises the key annual financial metrics:
| Key Financial Metrics | FY26 (₹ In Lakhs) | FY25 (₹ In Lakhs) |
|---|---|---|
| Revenue from Operations | 19,177.02 | 17,253.68 |
| Profit for the Period | 6,836.43 | 5,867.41 |
| Total Income | 20,361.49 | 18,443.40 |
| Total Expenses | 11,170.61 | 10,768.68 |
Quarterly Performance and Exceptional Items
For the quarter ended March 31, 2026, the company reported a profit of ₹936.48 lakh, down from ₹1,194.84 lakh in the year-ago period. Revenue for the quarter rose to ₹4,720.83 lakh from ₹4,333.47 lakh. The quarterly results included an exceptional item of ₹24.94 lakh, representing the reversal of an excess provision related to the New Labour Codes recognized in the prior quarter.
Dividend and Buyback Proposal
The Board of Directors recommended a dividend of ₹15 per equity share (300%) of face value ₹5 each for FY26, subject to shareholder approval. The record date for determining dividend entitlement is fixed for August 5, 2026. Additionally, the board approved a proposal to buyback up to 8,68,100 fully paid-up equity shares, representing 7.14% of the total paid-up equity share capital, at a maximum price of ₹900 per share. The aggregate buyback amount will not exceed ₹78,12,90,000. The buyback is subject to approval by shareholders via a special resolution.
Board Appointments and Meeting Schedule
The board appointed Mr. Manoj Bhupatrai Gandhi as an Additional Director in the category of Non-Executive Non-Independent Director effective June 1, 2026. Mr. Rohan Rana was appointed as General Manager-Plant Head and Senior Management Personnel effective June 1, 2026. The company also appointed Shri. Dakshesh H. Zaveri as Cost Auditor for the financial year ending March 31, 2027. The 41st Annual General Meeting is scheduled for August 12, 2026, via Video Conferencing.
Historical Stock Returns for Gandhi Special Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.68% | -0.09% | -3.04% | +11.98% | +17.16% | +159.32% |
How will the proposed share buyback impact Gandhi Special Tubes' liquidity position and future capital allocation plans?
What factors contributed to the decline in quarterly profit despite an increase in revenue for Q4 FY26?
How does the company plan to sustain revenue growth in FY27 given the rising total expenses?
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