Sundaram Brake Linings Limited has scheduled its 52nd Annual General Meeting (AGM) for July 24, 2026, to be conducted via video conferencing and other audio-visual means. The board has recommended a final dividend of ₹0.65 per share for the financial year 2025-26, subject to shareholder approval at the meeting.

The company reported a 50.4% decline in net profit to ₹2.57 crore for the financial year ended March 31, 2026, while revenue from operations fell marginally to ₹3,446.52 crore. The decline in profitability was attributed to decreased profits and a drop in export turnover, which fell 17% during the year, while domestic turnover increased 9%.

Financial Performance

The financial results for the year ended March 31, 2026, showed a contraction in key profitability metrics. Profit before exceptional items, interest, depreciation, and tax stood at ₹12.88 crore, down from ₹16.14 crore in the previous year. The company’s earnings per share (EPS) for the year was ₹6.52, compared to ₹13.15 in the previous year.

Dividend and AGM

The board of directors has recommended a final dividend of ₹0.65 per share (6.5%) for the financial year 2025-26. The dividend is subject to shareholder approval at the 52nd Annual General Meeting (AGM), scheduled for July 24, 2026. The record date for determining shareholder eligibility for the dividend is July 17, 2026.

The register of members and share transfer register will remain closed from July 18, 2026, to July 24, 2026. The AGM will be conducted via video conferencing and other audio-visual means.

Operational Highlights

During the year, the company’s net sales were ₹3,422.8 crore compared to ₹3,491.62 crore in the previous year. While domestic turnover increased, the export segment faced a significant decline of 17%, primarily due to tariffs in North American markets. The company’s net foreign exchange earnings for the year were ₹121.52 crore, down from ₹144.64 crore in the previous year.

The company’s research and development expenditure for the year was ₹6.57 crore, slightly lower than the previous year’s ₹6.62 crore. The board noted that the Indian automotive industry recorded a production of 34.70 million vehicles, registering a growth of 11.84% during the year.

Sundaram Brake Linings reported a 50.4% decline in net profit to ₹256.71 lakh for the financial year ended March 31, 2026, compared to ₹517.28 lakh in the previous year. Revenue from operations decreased to ₹34,465.22 lakh from ₹35,221.30 lakh in FY25. The Board has recommended a final dividend of ₹0.65 per share for the year.

The company’s profit before tax stood at ₹336.01 lakh, a significant drop from ₹614.10 lakh in the prior year. Total expenditure for the year was ₹34,566.80 lakh, slightly lower than the ₹34,888.60 lakh recorded in FY25. The company’s earnings per share (EPS) for the year was ₹6.52, down from ₹13.15 in the previous year.

Financial Performance

The financial results for the year ended March 31, 2026, show a contraction in profitability despite a marginal decrease in overall expenses. The company’s operating profit margin was impacted by the lower revenue base. The table below summarizes the key financial metrics for FY26 compared to the previous year.

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹0.65 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This dividend, if approved by shareholders, will be paid to those members whose names appear in the Register of Members as on the record date of July 17, 2026. The total outgo on account of dividend distribution for the year was ₹59.02 lakh.

Operational Highlights

The company noted that its net sales for the year were ₹34,228 lakh, nearly unchanged from the previous year’s ₹34,916.23 lakh. While domestic turnover increased by 9%, the export segment saw a decline of 17%. The drop in exports was attributed to significant declines in primary North American markets due to tariffs, though the company expects sales to strengthen if new tariffs are not imposed.

Research and development expenses for the year were ₹657.05 lakh, compared to ₹661.89 lakh in the previous year. The company continues to focus on expanding its range in the Indian aftermarket to fuel future growth.