Sandesh FY26 revenue up 49.76% to ₹43,782 Lakhs; AGM on Sep 15
- Sandesh Limited reported FY26 standalone revenue of ₹43,782.03 Lakhs, a 49.76% increase over FY25
- Profit After Tax declined to ₹6,740.29 Lakhs from ₹7,745.66 Lakhs due to unrealised investment losses
- The Board declared a final dividend of ₹5.00 per equity share, payable by October 12, 2026
- The 83rd Annual General Meeting is scheduled for September 15, 2026, via video conferencing
- Special resolutions include re-appointment of CMD Falgunbhai C. Patel and increasing investment limits
*this image is generated using AI for illustrative purposes only.
Sandesh Limited filed its 83rd Annual Report for FY26 on August 24, 2026, reporting standalone revenue from operations of ₹43,782.03 Lakhs, a 49.76% jump over the previous year, alongside a final dividend of ₹5.00 per equity share.
The Board of Directors recommended the dividend at its meeting on May 29, 2026. Shareholders on record as of August 14, 2026 are eligible, with payment due on or before October 12, 2026, subject to applicable tax deductions. The 83rd Annual General Meeting is scheduled for September 15, 2026, at 2:00 pm via video conferencing.
Financial Performance
The following table summarises the company's standalone and consolidated performance for FY26 versus FY25 (₹ in Lakhs):
| Particulars | Standalone FY26 | Standalone FY25 | Consolidated FY26 | Consolidated FY25 |
|---|---|---|---|---|
| Revenue from Operations | 43,782.03 | 29,234.32 | 43,970.39 | 29,418.38 |
| Other Income | 1,823.78 | 3,705.56 | 1,836.57 | 3,729.94 |
| Total Revenue | 45,605.81 | 32,939.88 | 45,806.96 | 33,148.32 |
| EBITDA | 10,630.82 | 10,594.45 | 10,474.08 | 10,573.62 |
| EBITDA Margin | 23.31% | 32.16% | 22.87% | 31.90% |
| Profit Before Tax | 9,718.25 | 9,899.27 | 9,553.09 | 9,868.73 |
| Profit After Tax | 6,740.29 | 7,745.66 | 6,584.33 | 7,712.15 |
| PAT Margin | 15.40% | 26.50% | 14.97% | 26.21% |
| Basic & Diluted EPS (₹) | 89.05 | 102.33 | 86.99 | 101.89 |
On a standalone basis, total revenue grew 38.45% to ₹45,605.81 Lakhs. EBITDA improved marginally to ₹10,630.82 Lakhs from ₹10,594.45 Lakhs, though the EBITDA margin moderated to 23.31% from 32.16%, reflecting higher operating expenditure in line with the scale of operations. Profit Before Tax stood at ₹9,718.25 Lakhs against ₹9,899.27 Lakhs in FY25, while PAT declined to ₹6,740.29 Lakhs from ₹7,745.66 Lakhs. The PAT margin contracted to 15.40% from 26.50%, driven by unrealised losses on investments measured at fair value through profit or loss. Exceptional items included a ₹241.13 Lakhs incremental gratuity impact from new labour codes and a ₹39.19 Lakhs profit on asset sales.
On a consolidated basis, total revenue rose 38.19% to ₹45,806.96 Lakhs. Consolidated PAT stood at ₹6,584.33 Lakhs against ₹7,712.15 Lakhs in FY25, with a PAT margin of 14.97%. The wholly-owned subsidiary, Sandesh Digital Private Limited, recorded revenue from operations of ₹209.47 Lakhs and a loss after tax of ₹155.96 Lakhs.
What the Numbers Show
While revenue growth was robust at nearly 50%, profitability metrics weakened significantly. The divergence between top-line growth and bottom-line contraction highlights the impact of non-operational factors; specifically, other income halved from ₹3,705.56 Lakhs to ₹1,823.78 Lakhs, and unrealised investment losses eroded net margins despite stable EBITDA levels.
AGM Agenda and Special Business
The AGM will transact ordinary business including adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, declaration of the ₹5.00 per share dividend, and re-appointment of Shri Rahoul Rajivkumar Shah (DIN: 00054684) as a director retiring by rotation.
Special business items include the following:
| Item | Description |
|---|---|
| Re-appointment of CMD | Shri Falgunbhai C. Patel (DIN: 00050174) as Chairman and Managing Director for five years from April 1, 2027 to March 31, 2032, with maximum remuneration of ₹7,00,00,000 per annum |
| Continuation of Non-Executive Director | Smt. Pannaben F. Patel (DIN: 00050222), who will attain age 75 on October 17, 2027, subject to special resolution |
| Mortgage/charge creation | Authorisation to create security on company properties for borrowings not exceeding ₹1,500 Crore |
| Investment limit enhancement | Increase in Section 186 limit for loans, guarantees, and investments to ₹2,000 Crores |
The statutory limit under Section 186(2) currently stands at ₹1,275.92 Crores based on FY26 audited financials.
Dividend and Tax Details
The dividend of ₹5.00 per equity share of ₹10 each represents 50% of paid-up share capital and will entail an outflow of ₹378.47 Lakhs. Dividends will be processed only in electronic mode. Resident individual members with valid PAN will have tax deducted at source at 10%; members without valid PAN or unlinked Aadhaar will attract 20% TDS. Non-resident members will be subject to 20% withholding tax (plus applicable surcharge and cess) or applicable tax treaty rates. The cut-off date for tax declarations is September 4, 2026.
Investor Compliance and Voting
In line with SEBI Master Circular No. HO/38/13(4)2026-MIRSD-POD/4298/2026 dated February 6, 2026, physical shareholders must update KYC details including PAN, address, mobile number, bank account details, specimen signature, and nomination. Remote e-voting opens September 12, 2026, at 9:00 am and closes September 14, 2026, at 5:00 pm, with the cut-off date for voting eligibility being September 9, 2026. E-voting services are provided by NSDL. Members who have not voted remotely may cast votes during the live AGM session.
The Board also approved a scheme of amalgamation of Sandesh Digital Private Limited into the company at its August 5, 2026 meeting, subject to approvals from shareholders, NCLT, stock exchanges, and other statutory authorities. No consideration or new shares are proposed under the scheme.
Historical Stock Returns for Sandesh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.49% | +0.85% | -3.92% | +11.19% | -13.62% | +30.33% |
How will the significant decline in PAT margins, driven by unrealised investment losses and halved other income, impact Sandesh Limited's valuation multiples in the near term?
What specific growth strategies or cost-control measures does management plan to implement to reverse the trend of widening operating expenditure relative to revenue?
How might the approved authority to create security on properties for borrowings up to ₹1,500 Crore influence the company's future capital structure and leverage ratios?
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