India Motor Parts & Accessories Reports Higher FY26 Profit, Recommends Total Dividend of ₹33 Per Share

2 min read     Updated on 11 May 2026, 06:41 PM
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India Motor Parts & Accessories Limited reported standalone total income from operations of ₹837.11 crores for FY26, up from ₹788.81 crores in FY25, with net profit after tax rising to ₹96.55 crores from ₹83.67 crores. For Q4 FY26, net profit after tax stood at ₹33.46 crores against ₹23.93 crores in Q4 FY25. The Board has recommended a final dividend of ₹23 per share, taking the total FY26 dividend to ₹33 per share including an interim dividend of ₹10 per share already paid. Basic and diluted EPS for FY26 stood at ₹77.36, compared to ₹67.05 in FY25.

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India Motor Parts & Accessories Limited has published its standalone financial results for the quarter and year ended March 31, 2026, as per Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in Financial Express (English) and Makkal Kural (Tamil) on May 09, 2026, following approval by the Board of Directors at their meeting held on May 08, 2026. The financial results have been audited by the company's Statutory Auditors.

Financial Performance: FY26 vs FY25

The company delivered a steady improvement across key financial metrics for the full year ended March 31, 2026. Total income from operations grew to ₹837.11 crores in FY26 from ₹788.81 crores in FY25. Net profit after tax for the full year rose to ₹96.55 crores from ₹83.67 crores in the previous year. The following table presents a detailed comparison of the standalone financial results:

Metric: Q4 FY26 (31.03.2026) Audited FY26 (31.03.2026) Audited Q4 FY25 (31.03.2025) Audited FY25 (31.03.2025) Audited
Total Income from Operations (₹ in Crores): 210.72 837.11 188.85 788.81
Net Profit/(Loss) Before Tax (₹ in Crores): 34.46 114.45 29.28 104.86
Net Profit/(Loss) After Tax (₹ in Crores): 33.46 96.55 23.93 83.67
Total Comprehensive Income (₹ in Crores): (289.43) 99.63 104.57 210.75
Paid-up Equity Share Capital (₹ in Crores): 12.48 12.48 12.48 12.48
Reserves excl. Revaluation Reserve (₹ in Crores): 2295.69 2233.50
Basic & Diluted EPS (₹, face value ₹10 each): 26.81 77.36 19.18 67.05

Quarterly Performance Highlights

For the quarter ended March 31, 2026, India Motor Parts & Accessories reported total income from operations of ₹210.72 crores, compared to ₹188.85 crores in the corresponding quarter of the previous year. Net profit after tax for Q4 FY26 stood at ₹33.46 crores, against ₹23.93 crores in Q4 FY25. Basic and diluted earnings per share for the quarter were ₹26.81, compared to ₹19.18 in the year-ago quarter. It is noted that EPS figures for quarterly periods are not annualised.

Dividend Announcement

The Board of Directors has recommended a final dividend of ₹23 per equity share of face value ₹10 each, subject to approval by shareholders at the ensuing Annual General Meeting. Key details of the dividend for FY26 are as follows:

Dividend Component: Amount per Share
Interim Dividend (already paid): ₹10
Recommended Final Dividend: ₹23
Total Dividend for FY26: ₹33

Regulatory Compliance and Disclosures

The financial results were reviewed by the Audit Committee of the Board and subsequently approved at the Board of Directors meeting held on May 08, 2026. The results represent an extract of the detailed format filed with the National Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete financial results are available on the National Stock Exchange website at www.nseindia.com and on the company's website at www.impal.net . The results were submitted to both the National Stock Exchange of India Limited and BSE Limited in accordance with applicable listing regulations.

Historical Stock Returns for India Motor Parts & Accessories

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%+1.61%+1.18%-3.17%+1.01%+54.59%

How might India Motor Parts & Accessories plan to deploy its growing reserves of ₹2,295.69 crores to drive future growth or acquisitions in the auto components sector?

Given the significant negative Total Comprehensive Income of ₹(289.43) crores in Q4 FY26 despite strong net profit, what underlying factors such as mark-to-market losses or actuarial adjustments could signal risks for FY27?

With the total FY26 dividend payout of ₹33 per share representing approximately 43% of EPS, is the company's dividend policy sustainable if revenue growth moderates in the face of EV transition pressures on traditional auto parts demand?

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IMPAL Q4 FY26 Results: Revenue ₹210.72 Cr, Net Profit ₹33.46 Cr; Total Dividend ₹33/Share

5 min read     Updated on 09 May 2026, 10:52 AM
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India Motor Parts & Accessories Limited reported audited standalone Q4 FY26 results with net revenue of ₹210.72 Cr and net profit of ₹33.46 Cr, up from ₹23.93 Cr in Q4 FY25. Full-year FY26 net profit rose to ₹96.55 Cr from ₹83.67 Cr, with total income of ₹889.54 Cr. The board recommended a final dividend of ₹23/share, taking total FY26 dividend to ₹33/share, with the 72nd AGM scheduled for July 21, 2026.

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India Motor Parts & Accessories Limited has reported its audited standalone financial results for the quarter and year ended March 31, 2026, following a board meeting held on May 8, 2026. The company delivered solid year-on-year performance across key metrics for both the quarter and the full financial year, while also recommending a final dividend and announcing its upcoming Annual General Meeting.

Q4 Financial Performance

The company posted healthy top-line and bottom-line growth in Q4, with revenue and net profit both rising on a year-on-year basis. The following table summarises the key standalone financial metrics for the quarter:

Metric: Q4 FY26 Q3 FY26 Q4 FY25
Net Revenue from Operations: ₹210.72 Cr ₹230.99 Cr ₹188.85 Cr
Other Income: ₹17.72 Cr ₹6.02 Cr ₹16.24 Cr
Total Income: ₹228.44 Cr ₹237.01 Cr ₹205.09 Cr
Total Expenses: ₹193.98 Cr ₹213.60 Cr ₹173.14 Cr
Profit Before Tax: ₹34.46 Cr ₹23.41 Cr ₹29.28 Cr
Net Profit After Tax: ₹33.46 Cr ₹17.18 Cr ₹23.93 Cr
Basic & Diluted EPS (₹): ₹26.81 ₹13.77 ₹19.18

The Q4 net profit of ₹33.46 Cr represents a significant improvement over ₹23.93 Cr in the same quarter of the previous year. It is worth noting that Q4 FY25 profit before tax included an exceptional item of ₹2.67 Cr, which was absent in Q4 FY26.

Full-Year FY26 Performance

For the full financial year ended March 31, 2026, India Motor Parts & Accessories reported broad-based growth across revenue and profitability metrics. The table below presents the annual standalone financial highlights:

Metric: FY26 FY25
Net Revenue from Operations: ₹837.11 Cr ₹788.81 Cr
Other Income: ₹52.43 Cr ₹47.17 Cr
Total Income: ₹889.54 Cr ₹835.98 Cr
Total Expenses: ₹775.09 Cr ₹728.45 Cr
Profit Before Tax: ₹114.45 Cr ₹104.86 Cr
Net Profit After Tax: ₹96.55 Cr ₹83.67 Cr
Other Comprehensive Income (net of tax): ₹3.08 Cr ₹127.08 Cr
Total Comprehensive Income: ₹99.63 Cr ₹210.75 Cr
Basic & Diluted EPS (₹): ₹77.36 ₹67.05

The company's annual net profit rose to ₹96.55 Cr from ₹83.67 Cr in the prior year. The total tax expense for FY26 stood at ₹17.90 Cr, lower than ₹21.19 Cr in FY25, partly aided by a tax provision reversal relating to earlier years of ₹3.83 Cr. The paid-up equity share capital remained unchanged at ₹12.48 Cr, with reserves (excluding revaluation reserves) standing at ₹2,295.69 Cr as at March 31, 2026.

Balance Sheet Highlights

The standalone statement of assets and liabilities as at March 31, 2026 reflects a strong financial position. Key balance sheet metrics are presented below:

Particulars: As at 31.03.2026 As at 31.03.2025
Total Non-Current Assets: ₹2,205.53 Cr ₹2,188.66 Cr
Total Current Assets: ₹334.08 Cr ₹316.76 Cr
Total Assets: ₹2,539.61 Cr ₹2,505.42 Cr
Total Equity: ₹2,308.17 Cr ₹2,245.98 Cr
Total Non-Current Liabilities: ₹194.74 Cr ₹192.06 Cr
Total Current Liabilities: ₹36.70 Cr ₹67.38 Cr
Total Equity & Liabilities: ₹2,539.61 Cr ₹2,505.42 Cr

Non-current financial assets include equity instrument investments of ₹2,000.53 Cr and other investments of ₹182.79 Cr. Current assets comprised inventories of ₹97.00 Cr, trade receivables of ₹106.39 Cr, and cash and cash equivalents of ₹24.52 Cr. Total current liabilities declined sharply to ₹36.70 Cr from ₹67.38 Cr, primarily reflecting a reduction in trade payables to creditors other than micro and small enterprises from ₹52.50 Cr to ₹26.21 Cr.

Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026 highlights the following key movements:

Particulars: FY26 (₹ Cr) FY25 (₹ Cr)
Net Cash Flow from Operating Activities: 4.92 17.84
Net Cash Used in Investing Activities: 34.44 12.81
Net Cash Flow from Financing Activities: (37.44) (34.94)
Net Increase / (Decrease) in Cash & Cash Equivalents: 1.92 (4.29)
Cash & Cash Equivalents at End of Year: 24.52 22.60

Dividend income received during FY26 stood at ₹25.77 Cr, while interest income from bank deposits and others amounted to ₹13.18 Cr. Investments in mutual funds and others during the year totalled ₹802.63 Cr, with proceeds from sale and redemption of such investments at ₹790.66 Cr.

Dividend and Annual General Meeting

The board of directors has recommended a final dividend of ₹23 per equity share of ₹10 each (230%) for FY2025-26, subject to shareholder approval at the ensuing 72nd Annual General Meeting. Including the interim dividend of ₹10 per share already paid, the total dividend for FY2025-26 aggregates to ₹33 per share. The record date for the purpose of dividend and AGM has been fixed as July 14, 2026, and the 72nd AGM is scheduled to be held on July 21, 2026 through Video Conferencing / Other Audio-Visual Means.

Auditor's Report and Regulatory Compliance

The standalone financial results were reviewed by the Audit Committee and subsequently approved by the board at its meeting held on May 8, 2026. The statutory auditors, M/s. Brahmayya & Co., Chartered Accountants, have issued an unmodified opinion on the standalone financial results for the year ended March 31, 2026, in accordance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates in a single segment — the sale and distribution of automotive spares — and these results have been prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. The official communication was signed by Managing Director Mukund S Raghavan (DIN: 03411396) and Company Secretary & Compliance Officer R Swetha, from the company's registered office at Sundaram Towers, 46, Whites Road, Chennai.

Historical Stock Returns for India Motor Parts & Accessories

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%+1.61%+1.18%-3.17%+1.01%+54.59%

How might India Motor Parts & Accessories plan to deploy its substantial ₹2,000+ Cr equity investment portfolio, and could strategic divestments or acquisitions reshape its growth trajectory in FY27?

Given the sharp decline in operating cash flow from ₹17.84 Cr to ₹4.92 Cr despite strong profit growth, what working capital or inventory management strategies might the company adopt to improve cash conversion in the coming year?

With the automotive aftermarket sector increasingly disrupted by EV adoption and organized e-commerce players, how is India Motor Parts & Accessories positioning its distribution business to remain competitive over the next 3–5 years?

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