Honda India Power FY26 profit drops 19.6% as revenue rises

Stock and tracking details

Honda India Power Products Limited is listed as BSE: 522064 and NSE: HONDAPOWER. The data shared shows a BSE price of ₹2,188.00, down ₹12.20 (-0.55%), with an update timestamp of Wed 17 Jun, 2026 | 15:20:03. The NSE price in the same feed is shown at ₹2,194.00 (0.00%), updated at Wed 17 Jun, 2026 | 15:29:39. The snapshot also carries the lines “Today: 2,188.00” and “2,216.45” without clarifying the second figure, so this article does not infer day high or low from it.

What changed in the latest update

The information set includes multiple dated references, including “As of June 15, 2026” and “May results updated on June 29, 2026”. The core development is the company’s audited financial results approval for the quarter and year ended March 31, 2026, which the board cleared at its meeting on May 26, 2026. Alongside the results, the board also took decisions on dividend, management changes, and audit appointments.

FY26: revenue grew, profit fell

For the financial year ended March 31, 2026 (FY26), Honda India Power Products reported a 19.6% decline in net profit to ₹64.24 crore (₹6,424 lakh). In the previous year (FY25), net profit was ₹79.94 crore (₹7,994 lakh).

Revenue from operations in FY26 rose 8.9% to ₹865.45 crore (₹86,545 lakh), compared with ₹794.23 crore (₹79,423 lakh) in FY25. The company’s annual results were described as mixed, with revenue growth offset by higher costs and an exceptional charge.

Exceptional item linked to new Labour Codes

A key factor highlighted in the FY26 numbers is an exceptional item loss of ₹9.99 crore (₹999 lakh). The company attributed this to the statutory impact of new Labour Codes, comprising gratuity of ₹7.02 crore (₹702 lakh) and long-term compensated absences of ₹2.97 crore (₹297 lakh).

This exceptional charge is explicitly referenced as a year-level item and sits alongside commentary that higher expenses affected the annual outcome. The document set also notes that total comprehensive income for the full year was ₹66.64 crore (₹6,664 lakh), down from ₹79.31 crore (₹7,931 lakh) in the prior year.

Q4 FY26: profitability pressure continues

For the quarter ended March 31, 2026 (Q4 FY26), net profit was ₹26.92 crore (₹2,692 lakh), down from ₹36.16 crore (₹3,616 lakh) in the corresponding period of the previous year. Revenue from operations for Q4 FY26 was ₹264.53 crore (₹26,453 lakh), compared with ₹268.68 crore (₹26,868 lakh) a year ago.

The text also states that Q4 EBITDA contracted to ₹33.25 crore (₹3,325 lakh) from ₹48.65 crore (₹4,865 lakh) year-on-year. Separately, the provided table labels ₹3,325 lakh and ₹4,865 lakh as “Profit Before Tax” for Q4 FY26 and Q4 FY25 respectively, so this article retains the figures as presented.

Q1 results table: sharp QoQ decline in operating income

The data set includes a quarterly table titled “Quarterly - Honda India Power Products Q1 Results” with a note that the comparison is on a QoQ basis and “All figures in crores except per share values”. For the quarter shown as Jun 25, revenue is ₹154.91 crore, down 42.34% QoQ from ₹264.53 crore (Mar 26), but up 7.45% YoY from ₹144.17 crore (Jun 24).

Profitability in the same table shows a steep decline: Operating Income fell to ₹2.91 crore from ₹25.57 crore QoQ, and Net Income declined to ₹9.48 crore from ₹26.92 crore. Diluted normalized EPS is shown at ₹9.35, compared with ₹25.14 in the prior quarter and ₹15.92 in the year-ago quarter.

Dividend, record date, and AGM-related dates

Dividend information in the supplied material appears in more than one form. One section states the board recommended a final dividend of ₹23 per share, subject to shareholder approval at the ensuing AGM. Another exchange-style intimation included in the same input states a recommendation of a final dividend of ₹13 per equity share (130% on a ₹10 face value), also subject to shareholder approval.

Separately, the company fixed August 19, 2026 as the record date for the payment of the final dividend (if approved). It also stated that the Register of Members and Share Transfer Books would remain closed from August 20, 2026, to August 26, 2026, for AGM and dividend purposes. The same exchange-style extract states that if approved, the dividend would be paid on September 17, 2026.

Board and senior management changes

The board approved the appointment of Mr. Sameer Jain as Chief Corporate Officer effective July 01, 2026. It also approved his appointment as Whole-Time Director effective September 01, 2026, subject to shareholder approval.

The same set of disclosures notes that Mr. Vinay Mittal will cease to be a Whole-Time Director upon attaining superannuation on September 30, 2026.

Auditor appointments and compliance updates

Honda India Power Products also took actions on audit oversight for FY27. The board re-appointed M/s Rakesh Singh & Co., Cost Accountants, as Cost Auditors for FY27, subject to shareholder ratification of remuneration at the ensuing AGM. It also appointed M/s Deloitte Haskins & Sells LLP and M/s Das Patnaik & Co as Internal Auditors for the financial year 2026-27.

Separately, the company opened a special window for the transfer and dematerialisation of physical securities, aimed at facilitating shareholders. The provided text does not specify dates or process steps for this window, so investors typically need to refer to the company’s detailed communication for operational instructions.

Key numbers at a glance

Why the update matters for investors

The FY26 outcome combines two different signals: revenue expanded, but bottom-line profit moved lower, with an explicitly stated exceptional loss tied to statutory labour-related changes. The quarter-level tables also show that while revenue in the Jun 25 quarter was higher than the year-ago period, profitability metrics like operating income and net income were materially lower than both the immediately preceding quarter and the year-ago quarter.

Investors tracking the stock typically look at how such one-off charges, expense levels, and operating profitability trend across quarters, and also at corporate actions like dividends and senior leadership changes. The record date and book-closure dates provide a concrete schedule for shareholders who are evaluating dividend eligibility.

What to watch next

The final dividend remains subject to shareholder approval at the AGM, and the company has already communicated a record date of August 19, 2026 and a share transfer book closure window of August 20-26, 2026. Investors may also watch for follow-through on management transitions, including Mr. Sameer Jain’s effective dates and Mr. Vinay Mittal’s planned cessation on September 30, 2026. Any further company clarification on the final dividend amount, given the differing figures appearing in the provided material, will be a key point to track through official filings.