Gulshan Polyols FY26 PAT jumps 332%, 150% dividend

What the latest disclosures show

Gulshan Polyols Ltd. reported a sharp improvement in profitability for FY 2025-26, alongside a final dividend recommendation and a confirmed date for its next Annual General Meeting (AGM). The company said Profit After Tax (PAT) surged 332.27% to ₹107.15 crore for the year. Revenue from operations grew 14.49% to ₹2,312.42 crore. Alongside the full-year results, the company also highlighted a strong start to FY27, with Q1 profitability rising sharply year-on-year. The board’s proposed final dividend of 150% is subject to shareholder approval at the ensuing AGM.

FY26 results: PAT jumps while revenue rises 14.49%

For FY 2025-26, Gulshan Polyols reported PAT of ₹107.15 crore, compared with ₹24.79 crore in the previous fiscal year. The company also reported revenue from operations of ₹2,312.42 crore, up 14.49% year-on-year. The audited results were approved by the board at a meeting held on May 22, 2026, as per the disclosure. The company’s full-year net profit was also reported as ₹10,714.67 lakh, which corresponds to ₹107.1467 crore.

What management attributed the performance to

The company attributed the FY26 performance to higher capacity utilization, cost management, and growth in the ethanol business. These factors were cited as key drivers behind the jump in profitability. While the filing does not provide segment-level numbers in the provided text, the company’s commentary links earnings momentum to improved operating discipline and a stronger ethanol contribution. The combination of operating leverage and cost control was positioned as central to the year’s outcome.

Final dividend: 150% recommendation and ₹1.50 per share

The board recommended a final dividend of 150%, stated as ₹1.50 per equity share (face value ₹1 per share), for FY 2025-26. The proposal is subject to shareholder approval at the AGM. The company also disclosed that August 28, 2026 has been set as the record date for the final dividend of ₹1.50 per share. Eligible shareholders are set to receive the payment by October 09, 2026, as per the disclosure.

Key AGM details: date, time, venue, and compliance

Gulshan Polyols confirmed that its 26th AGM is scheduled for Friday, September 11, 2026. The meeting will begin at 1:00 pm and will be held at The Solitaire INN Hotel, 6 Mile Stone, Meerut Road, National Highway 58, Muzaffarnagar, Uttar Pradesh. The company issued the intimation on August 17, 2026, citing compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Reetika Pant, Company Secretary, and addressed to BSE and NSE.

Items investors are watching at the AGM

The disclosures indicate two key shareholder decisions to track. One is the approval of the proposed 150% final dividend. The other is the re-appointment of Mr. Vardhman Doogar as an Independent Director. The company indicated these are matters investors should watch at the upcoming AGM.

Q1 FY27 update: profits and operating earnings rise sharply

For Q1 FY27, Gulshan Polyols reported net profit of ₹53.5 crore (₹535 million), up 305% from ₹13.2 crore (₹132 million) in the same period last year. The company also reported EBITDA of ₹84.9 crore (₹849 million), up 132% year-on-year. Separately, it disclosed record Q1 FY27 revenue of ₹646 crore, up 8% YoY, describing it as the highest quarterly turnover in the company’s history.

FY27 margin guidance disclosed with Q1 update

Along with the Q1 FY27 disclosure dated August 07, 2026, the company provided margin guidance. It guided for a consolidated EBITDA margin target of 10% to 11% and a PAT margin of 5% to 6% for FY27. The text provided does not include a revised revenue or profit target, but it does specify these margin ranges as stated guidance.

Capital raise plan: proposal for up to ₹250 crore

The company also disclosed that the board approved a proposal to raise up to ₹250 crore. The stated route was via Qualified Institutions Placement (QIP) or other capital raising methods from eligible investors. In the provided material, no timeline, pricing, or use-of-proceeds breakdown was included.

Other corporate disclosures referenced

The company disclosed a board meeting scheduled for August 06, 2026 to review and approve un-audited financial results for the quarter ended June 30, 2026. Separately, it disclosed an earnings conference call scheduled for Tuesday, November 11, 2025 at 12:00 PM IST, with dial-in numbers provided. It also noted that its 25th AGM concluded with all resolutions passed, including declaration of a ₹0.30 dividend for FY25.

Snapshot: prices and key dates cited

The provided text includes multiple price references for GULPOLY, including ₹192.06 as of 18 Aug, 2026 and ₹207.21 (delayed quote) at another referenced time. It also lists the final dividend ex-date as August 28, 2026, aligning with the record date disclosed for the ₹1.50 per share payout.

Key facts table

Why the update matters for shareholders

For shareholders, the combination of a large year-on-year PAT increase in FY26 and a 150% final dividend proposal makes the AGM particularly relevant. The record date of August 28, 2026 is a key operational date for dividend eligibility, while September 11, 2026 is the decision point for shareholder approval. The Q1 FY27 figures and the margin guidance provide additional context on how the company is framing the year ahead, though the disclosures do not include any quantified full-year profit or revenue projections.

Conclusion

Gulshan Polyols’ FY26 filing highlighted a sharp rise in PAT to ₹107.15 crore on revenue of ₹2,312.42 crore, supported by higher capacity utilization, cost management, and ethanol business growth. The board’s 150% final dividend recommendation and the scheduled 26th AGM on September 11, 2026 set the next milestones for shareholder action, alongside the already announced record date of August 28, 2026 and payment timeline by October 09, 2026.