Siddhika Coatings FY26 Net Profit Rises 22.7% to ₹1,039 Lakh
Siddhika Coatings Limited reported a 21.7% YoY increase in consolidated net profit to ₹1,039.25 lakh for FY26, with revenue rising to ₹5,927 lakh. The board recommended a final dividend of ₹4 per share, subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Siddhika Coatings Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 16, 2026. The company reported a consolidated net profit of ₹1,039.25 lakh for the year, compared to ₹853.68 lakh in the previous year, reflecting a growth of 21.7%. On a standalone basis, the net profit for the year increased to ₹986.12 lakh from ₹803.12 lakh in FY25.
Financial Performance
The company's total revenue from operations on a consolidated basis rose to ₹5,927 lakh for the year ended March 31, 2026, up from ₹5,177.77 lakh in the corresponding period of the previous year. Standalone revenue from operations for the year was reported at ₹5,619.44 lakh, compared to ₹4,935.58 lakh in FY25. The profit before tax for the consolidated results stood at ₹1,369.08 lakh, while the standalone profit before tax was ₹1,297.25 lakh.
Key Financial Metrics (Consolidated)
| Particulars | Year Ended 31/03/2026 (₹ in Lacs) | Year Ended 31/03/2025 (₹ in Lacs) |
|---|---|---|
| Total Revenue from Operations | 5,927.00 | 5,177.77 |
| Total Expenses | 4,557.92 | 4,053.96 |
| Profit Before Tax | 1,369.08 | 1,123.81 |
| Net Profit | 1,039.25 | 853.68 |
| Basic Earnings Per Share (EPS) | 16.82 | 13.82 |
Dividend Declaration
The Board of Directors has recommended a final dividend of ₹4.00 per equity share for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting of the company. The face value of each equity share is ₹10.
Auditor and Compliance
The statutory auditors, M/s. V C A N & Co., Chartered Accountants, have issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The company also disclosed that it has fully utilized the proceeds of its public issue amounting to ₹469.68 lakh for the objects stated in the prospectus dated March 18, 2021. The Board appointed M/s. Sushil Gupta & Associates as Secretarial Auditor for FY27 and FY28, and M/s. Kumar Puneet & Associates as Internal Auditor for FY26 and FY27.
Will Siddhika Coatings pursue capacity expansion or acquisitions to sustain its ~21% profit growth trajectory beyond FY26?
How might rising raw material costs or competition in the coatings sector impact the company's profit margins in FY27?
Could the company consider increasing its dividend payout ratio given its improving profitability and fully utilized IPO proceeds?
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