Pokarna FY26 profit falls, dividend set at ₹0.60

1 min read     Updated on 30 May 2026, 12:16 PM
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Shriram SScanX News Team
AI Summary

Pokarna Limited reported a 57% decline in consolidated net profit to ₹8060.98 lakh for FY26, with revenue from operations at ₹59369.47 lakh. The standalone entity reported a net loss of ₹973.69 lakh for the year. The Board recommended a final dividend of ₹0.60 per share, subject to shareholder approval at the AGM on July 27, 2026.

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Pokarna Limited reported a consolidated net profit of ₹8060.98 lakh for the financial year ended March 31, 2026, a decrease from ₹18754.85 lakh in the previous year. Revenue from operations for the year stood at ₹59369.47 lakh. For the fourth quarter ended March 31, 2026, the company posted a net profit of ₹2561.32 lakh on revenue of ₹15491.63 lakh. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The company published the extracts of the audited standalone and consolidated financial results in Business Standard and Nava Telangana on May 29, 2026.

The Board recommended a final dividend of ₹0.60 per equity share, equivalent to 30% of the face value of ₹2 per share, for FY26. This dividend is subject to shareholder approval at the ensuing Annual General Meeting. The company has fixed Monday, July 20, 2026, as the record date to determine shareholder eligibility for the dividend payment. If approved, the total dividend outflow will amount to ₹186.02 lakhs.

Financial Performance

The standalone financial results for FY26 showed a net loss of ₹973.69 lakh, compared to a net loss of ₹676.19 lakh in the previous year. Revenue from operations for the standalone entity was ₹2978.75 lakh for the year. For the quarter ended March 31, 2026, the standalone entity reported a net loss of ₹125.56 lakh on revenue of ₹1065.84 lakh. Statutory auditors M/s. S Daga & Co. issued an unmodified opinion on the audited standalone and consolidated financial results.

Key Meeting Details

The 35th Annual General Meeting is scheduled for Monday, July 27, 2026, at 11:00 AM via Video Conferencing. The book closure period is from Tuesday, July 21, 2026, to Monday, July 27, 2026. Remote e-voting will commence on Thursday, July 23, 2026, at 9:00 AM and conclude on Saturday, July 25, 2026, at 5:00 PM.

Particulars Details
AGM Date Monday, July 27, 2026
Book Closure July 21, 2026 to July 27, 2026
Record Date Monday, July 20, 2026
Dividend Per Share ₹0.60
E-Voting Start July 23, 2026, 9:00 AM
E-Voting End July 25, 2026, 5:00 PM

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE637C01025/77ffb8eb87d04c2c.pdf

Historical Stock Returns for Pokarna

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-2.86%-12.21%-14.30%-24.68%+139.95%

What strategic initiatives will Pokarna implement to reverse the 57% decline in consolidated net profit?

How does the company plan to address the widening losses in its standalone entity compared to the previous year?

Will the reduction in profit impact the company's capital expenditure plans or expansion projects for the upcoming fiscal year?

Pokarna gets Rs 33.39 cr demand notice over mining violations

1 min read     Updated on 19 May 2026, 03:53 AM
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Ashish TScanX News Team
AI Summary

Pokarna Limited received a demand notice of Rs 33.39 crore from the Department of Mines and Geology, Government of Andhra Pradesh, on May 15, 2026. The notice alleges misuse of dispatch permits and unlawful excavation of colour granite under the APMMC Rules, 1966. The company stated that based on legal advice, it finds the demand not maintainable and plans to appeal, noting no immediate impact on its financials or operations.

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Pokarna Limited has disclosed that it received a demand notice from the Department of Mines and Geology, Government of Andhra Pradesh, on May 15, 2026. The notice, issued by the District Mines & Geology Officer, Tirupati, alleges misuse of dispatch permits and unlawful excavation and transportation of colour granite. The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Demand Notice

The authorities have alleged that the company misused dispatch permits of colour granite within the leased area and conducted unlawful excavation and transportation from outside the leased area. Consequently, a demand aggregating to Rs 33,39,58,289 has been raised under the APMMC Rules, 1966. The breakdown of the demand includes various fees and penalties calculated by the department.

Breakdown of Charges

The total demand of Rs 33.39 crore is composed of several specific components related to the alleged violations. The following table details the financial implications as per the notice received by the company.

Component Amount (Rs)
Normal Seigniorage fee 4,66,56,900
Penalty 27,96,03,000
DMF 58,32,113
Merit 9,33,138
IT @2% 9,33,138

Company Response and Impact

In response to the notice, Pokarna Limited stated that it has sought advice from its legal counsel. The company believes that the demand raised by the authorities is not maintainable. It is currently in the process of preferring an appeal against the said notice. Consequently, the management has assessed that there is no immediate impact on the financials, operations, or other activities of the company arising from this notice.

Historical Stock Returns for Pokarna

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-2.86%-12.21%-14.30%-24.68%+139.95%

If Pokarna's appeal against the Rs. 33.4 crore demand is unsuccessful, how significantly could the penalty impact the company's balance sheet and future capital allocation plans?

Could this regulatory scrutiny from Andhra Pradesh authorities trigger similar investigations into Pokarna's other granite mining leases or operations in different regions?

How might this demand notice affect Pokarna's ability to renew or secure new mining leases in Andhra Pradesh, and what is the timeline for its existing lease agreements?

More News on Pokarna

1 Year Returns:-24.68%