News

Dividend, Stock Split: Kirloskar Pneumatic to divide shares, pay shareholders; shares up 12%Besides, Kirloskar Pneumatic also reported a strong set of March quarter numbers. Net profit rose 79% year-on-year to ₹143.8 crore from ₹80 crore. Revenue increased 20.3% to ₹711.8 crore from ₹591.6 crore.By Meghna Sen  April 27, 2026, 2:40:10 PM IST (Published)1 Min ReadShares of Kirloskar Pneumatic Company Ltd. surged as much as 12% on Monday, April 27, after the company announced a stock split alongside a dividend payout for shareholders.

The company will split one equity share of face value ₹2 each into two shares of face value ₹1 each, a move aimed at improving liquidity and making the stock more accessible to investors.

In addition, the board has recommended a final dividend of 425%, or ₹8.50 per equity share, for FY26.

The payout is subject to shareholder approval at the Annual General Meeting scheduled for Tuesday, July 21. If approved, the dividend will be paid on or before July 21.

This is not the first time the company has undertaken such shareholder-friendly measures. In 2018, it had split its equity shares from a face value of ₹10 to ₹2 each.

The company also reported a strong set of March quarter earnings. Net profit rose 79% year-on-year to ₹143.8 crore from ₹80 crore. Revenue increased 20.3% to ₹711.8 crore from ₹591.6 crore.

EBITDA climbed 69.4% to ₹186 crore from ₹109.8 crore, while margins expanded sharply to 26.1% from 18.5% a year ago.

Following the announcements, the stock was trading 8.97% higher at ₹1,457.30. It has gained 40% so far this year.Continue ReadingTagsDividend stocksStock Split