Modison FY26 results: Profit up 194%, ₹3 dividend

FY26 announcement: audited numbers and board decisions

Modison Limited disclosed newspaper clippings carrying an extract of its audited financial results for the quarter and year ended March 31, 2026. Along with the results, the company said its Board of Directors has recommended a final dividend for FY 2025-26. The updates were made through stock exchange disclosures under Regulation 30 of SEBI (LODR) Regulations.

The company also communicated routine but material corporate compliance items, including confirmations under SEBI Depositories regulations and trading window closure related to financial result finalisation. Separately, Modison updated the exchanges about an operational disruption following a fire incident at its Vapi, Gujarat facility and later confirmed restoration of operations.

FY26 audited financial performance: profit and revenue

For FY26, Modison reported a consolidated net profit of ₹72.54 crore (₹7,253.51 lakh), up 194% from the previous year, as per the information shared. Revenue from operations for the same period increased to ₹710.33 crore (₹71,032.89 lakh).

The company also disclosed an operating profitability data point for the final quarter. For Q4 FY26, EBITDA stood at ₹71.40 crore (₹714 million) with an EBITDA margin of 24.84%. The disclosures, as presented, highlight a year that combined higher scale with reported profitability improvement.

Dividend actions: interim ₹2.50, final ₹3 recommendation

On dividends, Modison’s board recommended a final dividend of ₹3.00 per equity share for FY 2025-26, subject to shareholder approval. Earlier in the financial year, the company declared an interim dividend of ₹2.50 per equity share (250%) for FY 2025-26.

For the interim dividend, Modison fixed December 8, 2025 as the record date, and stated that payment would be made on or after December 9, 2025 (post TDS deduction, as applicable). The company also intimated trading window closure in connection with the interim dividend decision.

The dataset also references a final dividend of ₹2 per share (200%) announced earlier (subject to shareholder approval), linked to the company’s 42nd AGM scheduled on September 9, 2025 via video conference.

Board meetings and disclosures to exchanges

Modison informed BSE that its board meeting was scheduled on May 22, 2026, inter alia, to consider and approve the audited financial results for the quarter and year ended March 31, 2026, recommend a final dividend (if any), and transact other business matters.

The company also stated that the trading window was closed with effect from April 1, 2026, in the context of preparation and finalisation of audited financial results for Q4 and the full year ended March 31, 2026. As per the shared note, trading would resume 48 hours after declaration of the financial results.

Fire incident at Vapi plant and restoration update

Modison reported a fire incident at part of its factory premises in Vapi, Gujarat on February 7, 2026. The company said there were no casualties reported. The incident resulted in temporary operational disruption, and Modison indicated that it was assessing the extent of damage.

The company also stated that the affected assets were adequately insured and that it had initiated insurance claims. In a subsequent update dated February 24, 2026, Modison informed the exchanges about complete restoration of operations at the Vapi plant, indicating that repairs, restoration, and safety assessments were completed and production activities had resumed.

Cost auditor re-appointment and other governance updates

Among governance items, Modison disclosed re-appointment of cost auditors for FY 2026-27. The information set also includes a board change: Ashok Shantilal Jatia concluded his second term as a Non-Executive Independent Director on November 1, 2025, and Nandkishore Bafna was appointed as a Non-Executive Independent Director for a five-year term from November 1, 2025 to October 31, 2030.

The company also disclosed reconstitution of committees of the Board of Directors with effect from November 1, 2025.

SEBI Depositories compliance: RTA certificate and demat activity

Modison filed compliance certificates under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. For Q3 FY26, the company stated that Purva Sharegistry (India) Private Limited, the Registrar and Share Transfer Agent, confirmed proper processing of dematerialisation activities for the quarter ended December 31, 2025.

As per the information provided, during that quarter, 1,000 shares were dematerialised for one shareholder, and the process was completed within prescribed timelines.

Credit rating updates by CARE and banking facility limits

CARE Ratings reaffirmed Modison’s existing credit ratings and assigned ratings to additional banking facilities. Long-term facilities with HDFC Bank rated CARE A- (Stable) were enhanced from ₹90.00 crore to ₹115.00 crore. Short-term facilities of ₹17.50 crore with HDFC Bank were maintained at CARE A1.

CARE also assigned ratings to new long-term/short-term facilities of ₹25.00 crore with CitiBank, rated CARE A- (Stable) / CARE A1. The total rated facilities, as shared, amount to ₹157.50 crore.

Other regulatory matters: GST proceeding dropped; customs demand noted

The disclosures also mention that Modison received an order from the Deputy Commissioner of Gujarat dropping proceedings initiated under DRC-01, following a previously disclosed GST demand of ₹0.12 crore (₹11,67,229) for FY 2021-22, and that the company expected no impact on financial or operational activities.

Separately, the dataset references a customs order confirming a demand of ineligible drawback amounting to ₹0.02 crore (₹2,23,697), along with penalty-related information as stated.

Key numbers and event table

Corporate action dates cited (ex-dates as provided)

The information set also lists ex-dates for results and dividends.

Market impact: what investors can directly take away

The FY26 disclosures combine three investor-relevant tracks: reported earnings growth, dividend actions, and operational resilience after the plant disruption. The audited profit and revenue numbers, together with Q4 EBITDA and margin, provide updated inputs for assessing profitability and scale.

Dividend communication is also central. The interim dividend (₹2.50 per share) and the recommended final dividend (₹3.00 per share, subject to approval) place cash return on equity holders alongside earnings performance as a key part of the company’s FY26 narrative.

Operationally, the company’s sequence of updates on the Vapi fire incident followed by the restoration confirmation is relevant for tracking continuity of manufacturing and near-term execution, based strictly on what has been disclosed.

Analysis: why the disclosures matter

Modison’s filings show the typical cluster of year-end actions for a listed manufacturer: audited results approval, dividend recommendation, trading window closure, and compliance certifications. In parallel, the CARE rating reaffirmation and facility enhancements are relevant in understanding the company’s bank funding envelope, with total rated facilities cited at ₹157.50 crore.

The combination of a major operational incident (the February 2026 fire) and the later restoration update provides context for investors reading FY26 performance and risk management. The company’s note that assets were adequately insured and that insurance claims were initiated is part of that risk narrative.

Conclusion

Modison’s FY26 audited disclosures point to higher consolidated profit and higher revenue, alongside a board recommendation of a ₹3 final dividend for FY 2025-26. The company also updated investors on the Vapi plant fire incident and confirmed restoration of operations.

The next formal step referenced is shareholder consideration of the final dividend recommendation, along with continuing exchange disclosures tied to board decisions and statutory compliance filings.