Honda India Power Products Limited reported a 19.6% decline in net profit to ₹6,424 lakh for the financial year ended March 31, 2026, compared to ₹7,994 lakh in the previous year. The company recorded revenue from operations of ₹86,545 lakh, an increase of 8.9% from ₹79,423 lakh in FY25. The board recommended a final dividend of ₹23 per share for the fiscal year, subject to shareholder approval at the ensuing Annual General Meeting.

The board, in its meeting held on May 26, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Statutory auditors M/s B S R and Co. LLP issued an unmodified opinion on the annual financial results. The company reported an exceptional item loss of ₹999 lakh for the year, attributed to the statutory impact of new Labour Codes, comprising gratuity of ₹702 lakh and long-term compensated absences of ₹297 lakh.

Q4 Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹2,692 lakh, a decline from ₹3,616 lakh in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹26,453 lakh, compared to ₹26,868 lakh in the same period last year. Q4 EBITDA contracted to ₹3,325 lakh from ₹4,865 lakh year-on-year, reflecting pressure on operating profitability during the quarter.

The following table summarises the key Q4 performance metrics:

Total comprehensive income for the full year was ₹6,664 lakh, down from ₹7,931 lakh in the prior year.

Full-Year Financial Summary

The annual financial results reflect a mixed performance, with revenue growth offset by higher expenses and an exceptional item charge. The following table presents the key annual financial metrics:

Board Decisions and Corporate Updates

The board approved the appointment of Mr. Sameer Jain as Chief Corporate Officer effective July 01, 2026, and as Whole-Time Director effective September 01, 2026, subject to shareholder approval. Mr. Vinay Mittal will cease to be a Whole-Time Director upon attaining superannuation on September 30, 2026. The board also re-appointed M/s Rakesh Singh & Co., Cost Accountants, as Cost Auditors for FY27 and appointed M/s Deloitte Haskins & Sells LLP and M/s Das Patnaik & Co as Internal Auditors for the financial year 2026-27.

The company fixed August 19, 2026, as the record date for the payment of the final dividend, if approved. The Register of Members and Share Transfer Books will remain closed from August 20, 2026, to August 26, 2026, for the purpose of the AGM and dividend payment.

Honda India Power Products Limited has informed the stock exchanges of its upcoming Board of Directors meeting, scheduled for May 26, 2026. The intimation, filed pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the key agenda items to be taken up at the 1st Board Meeting for Financial Year 2026-27.

Board Meeting Details

The following key details have been disclosed regarding the upcoming board meeting:

Trading Window Closure

In accordance with Regulation 9 and Schedule B of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and amendments thereof, the company has notified that the Trading Window stands closed during the following period:

The closure of the Trading Window is a standard regulatory requirement ahead of the announcement of financial results, aimed at preventing insider trading activity during sensitive disclosure periods.

Regulatory Compliance

The intimation was signed by Sunita Ganjoo, Company Secretary and Compliance Officer of Honda India Power Products Limited, and dated May 18, 2026. The communication was addressed to both the Corporate Relationship Department, BSE Limited, and the Listing Department, National Stock Exchange of India Ltd., in line with the company's listing obligations. The audited financial results for the financial year ended March 31, 2026, are to be submitted to the exchanges within the stipulated time following the conclusion of the board meeting.