National Fittings FY26 Net Profit at ₹910.68 Lakh
National Fittings Limited reported a decline in net profit to ₹910.68 lakh for FY26 from ₹2,330.34 lakh in the previous year, while total income increased to ₹9,618.57 lakh. The Board recommended a final dividend of ₹1 per share. Statutory auditors issued an unmodified opinion on the standalone financial results.
*this image is generated using AI for illustrative purposes only.
National Fittings Limited has announced its audited financial results for the financial year ended March 31, 2026. The company reported a total income from operations of ₹9,618.57 lakh for the year, up from ₹8,109.95 lakh in the corresponding period of the previous year. For the quarter ended March 31, 2026, the total income stood at ₹2,520.82 lakh.
The net profit for the year ended March 31, 2026, was recorded at ₹910.68 lakh, a decline from the ₹2,330.34 lakh reported in the prior year. In the fourth quarter of FY26, the company posted a net profit of ₹171.84 lakh. The profit before tax for the full year was ₹1,304.49 lakh, while it was ₹375.07 lakh for the quarter ended March 31, 2026.
Financial Performance
The company’s expenditure for the year increased to ₹8,314.07 lakh from ₹7,408.02 lakh in the previous year. Key expenditure components included the cost of material consumed at ₹4,814.09 lakh and employee benefits expenses at ₹937.57 lakh. The finance cost for the year was ₹87.06 lakh.
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 9,618.57 | 8,109.95 |
| Total Expenditure | 8,314.07 | 7,408.02 |
| Profit before Tax | 1,304.49 | 2,623.56 |
| Net Profit | 910.68 | 2,330.34 |
| Earnings Per Share (EPS) | 10.03 | 25.66 |
Dividend Declaration
The Board of Directors has recommended a final dividend of ₹1 per equity share for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.
Operational Highlights
The statutory auditors have carried out the audit of the financial results for the year ended March 31, 2026, and expressed an unmodified audit opinion. The auditors, Krishaan & Co., Chartered Accountants, confirmed that the standalone annual financial results are presented in accordance with Regulation 33 of the Listing Regulations and give a true and fair view in conformity with Indian Accounting Standards. The company operates in a single business segment focused on the manufacturing of pipe fittings.
Historical Stock Returns for National Fittings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.58% | +36.13% | +19.34% | +12.33% | +31.80% | +371.01% |
What specific factors drove the sharp decline in net profit from ₹2,330.34 lakh to ₹910.68 lakh despite a 18.6% revenue growth, and can management reverse this margin compression in FY27?
How might rising raw material costs and inflationary pressures impact National Fittings Limited's cost of material consumed beyond FY26, given it already accounts for over 50% of total expenditure?
Will the conservative dividend of ₹1 per share — significantly lower relative to prior year earnings — signal a shift in capital allocation strategy toward capacity expansion or debt reduction?
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