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India
As of 18 Sept 2026, 03:30 pm
At the Annual General Meeting on August 13, 2026, Linde India's shareholders approved the audited financial statements for the year ended March 31, 2026. A total dividend of ₹12 per share was declared, which included a special dividend of ₹8 per share. The meeting also saw the re-appointment of Michael James Devine as a director and the ratification of remuneration for cost auditors M/s. Mani & Co. for the financial year ending March 31, 2027. It was also disclosed that both the Independent Auditor's Report and the Secretarial Audit Report for FY 2025-26 contained qualifications, which were addressed with management's responses.
Yes, Linde India updated its Key Managerial Personnel list on September 15, 2026. Mr. Vikash Dokania was appointed as the Chief Financial Officer, effective from September 15, 2026. This appointment follows the cessation of Mr. Ajay Kumar Sah from his role as Interim Chief Financial Officer. The authorized personnel for determining materiality and making disclosures now include Mr. Milan Sadhukhan (Managing Director), Mr. Amit Dhanuka (Company Secretary), and Mr. Vikash Dokania.
As of September 18, 2026, Linde India's period returns show a 2% return in the last day, a 2% decrease over the last 10 days, and a 7% decrease over the last month. The year-to-date return was 6%. The company's annualized volatility was 31%, with a current drawdown of -20% and a maximum drawdown of -25%.
As of September 18, 2026, Linde India's daily trend indicators suggest a bearish sentiment, with the Supertrend pointing to a bearish direction and the 20-day Exponential Moving Average (EMA) showing a negative slope. Similarly, the weekly trend also indicates a bearish direction according to the Supertrend, with the 20-day EMA also exhibiting a negative slope.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Upward price movement of 3.06 standard deviations recorded on 2026-09-18.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹694.36 crore | ₹614.33 crore | PEAK₹701.03 crore | ₹644.19 crore | ₹571.08 crore |
| Profit Before Exceptional Items And Tax | ₹138.05 crore | ₹115.40 crore | ₹194.08 crore | PEAK₹226.29 crore | ₹142.22 crore |
| Profit Before Tax | ₹138.05 crore | ₹115.40 crore | ₹194.08 crore | PEAK₹226.29 crore | ₹142.22 crore |
| Profit Loss For Period From Continuing Operations | ₹102.97 crore | ₹76.82 crore | ₹142.57 crore | PEAK₹169.01 crore | ₹105.07 crore |
| Profit Loss For Period | ₹104.59 crore | ₹77.45 crore | PEAK₹193.33 crore | ₹171 crore | ₹107.19 crore |
| Tax Expense | ₹35.09 crore | ₹38.58 crore | ₹51.51 crore | PEAK₹57.28 crore | ₹37.15 crore |
Basic earnings per share from continuing operations was ₹12.26, down from ₹12.57 in the same quarter last year and up from ₹9.08 in the March quarter. The movement aligns with the underlying net profit trend, as the number of outstanding shares remained stable throughout the period.
Revenue expanded 21.6% year-on-year and rebounded sequentially in the June quarter. However, profit margins contracted as expense growth outpaced top-line gains, leaving net profit slightly below the prior year’s level. Inter-segment revenue fell sharply, reflecting a shift in internal business activity. The quarter demonstrates clear top-line expansion alongside cost pressures that limited earnings growth.
Exchange disclosures and regulatory announcements for Linde India.
Linde India Limited published newspaper advertisements on 16 September 2026 regarding a special window for fresh lodgement/re-lodgement of share transfer requests of physical shares, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
On 15 September 2026, Linde India appointed Mr. Vikash Dokania as Chief Financial Officer with effect from that date. Consequently, the Company updated its list of Key Managerial Personnel authorized to determine materiality and make disclosures under SEBI Listing Regulations to include Mr. Milan Sadhukhan (Managing Director), Mr. Amit Dhanuka (Company Secretary), and Mr. Vikash Dokania.
Linde India held its 90th Annual General Meeting on 13 August 2026, where shareholders approved the adoption of audited financial statements for the year ended 31 March 2026 and declared a dividend of Rs. 12 per share (120%) inclusive of a special dividend of Rs. 8 per share. The meeting also resulted in the re-appointment of Michael James Devine as a director retiring by rotation and the ratification of remuneration for cost auditors M/s. Mani & Co. for the financial year ending 31 March 2027. Additionally, the company disclosed that both the Independent Auditor's Report and Secretarial Audit Report for FY 2025-26 contained qualifications, which were read out along with management's response.
Linde India Limited held its Ninetieth Annual General Meeting via video conference on 13 August 2026, where all four resolutions were passed with requisite majorities. The meeting approved the audited standalone and consolidated financial statements for the fiscal year ended 31 March 2026, declared a total dividend of Rs. 12 per share (comprising an 80% special dividend), re-appointed director Michael James Devine, and ratified the remuneration of cost auditors Mani & Co. for the period ending 31 March 2027.
Linde India Limited's Board of Directors, meeting on August 11, 2026, approved the appointment of Vikash Dokania as Chief Financial Officer and the cessation of Ajay Kumar Sah from his role as Interim Chief Financial Officer. Both changes are scheduled to take effect on September 15, 2026, with Mr. Dokania succeeding Mr. Sah following his tenure at Coca-Cola India Pvt. Ltd.
Linde India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 11, 2026. |SUBJECT: Outcome of Board Meeting
Linde India's Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with standalone profit before tax of Rs. 1,381.19 million and consolidated profit before tax of Rs. 1,396.80 million. The Board also appointed Vikash Dokania as CFO effective September 15, 2026, replacing interim CFO Ajay Kumar Sah. The company disclosed ongoing legal proceedings with SEBI regarding related party transactions and business allocation under a JV agreement with Praxair India, including a Supreme Court appeal and a valuation report dated March 16, 2026, with the final outcome not yet determinable.
On August 11, 2026, the Board of Directors of Linde India Limited approved the unaudited financial results for the quarter ended June 30, 2026, and appointed Mr. Vikash Dokania as Chief Financial Officer effective September 15, 2026, succeeding Interim CFO Mr. Ajay Kumar Sah who will cease duties on September 14, 2026. The filing discloses ongoing regulatory proceedings where SEBI's July 24, 2024 order regarding related party transaction materiality thresholds and a business allocation agreement with Praxair India Private Limited was upheld by the Securities Appellate Tribunal in December 2025, with an appeal currently pending before the Supreme Court of India. Management notes that the ultimate outcome of these legal matters and their financial impact remain indeterminable at this time.
Recent market and company developments associated with Linde India.
With Samsung Electronics already operating research and development facilities in Karnataka and having a presence in the semiconductor sector, Patil said the state had proposed that the company consider setting up manufacturing operations in Karnataka.
Q1 Results Highlights: MRF, Ashoka Buildcon, Zydus Life, Bata India, Gokaldas Exports, Balrampur Chini, DAM Capital, EPack Durable, Delta Corp, Finolex Cables, JSW Paints, KPI Green, Landmark Cars, Manappuram Finance, Laxmi Dental, NBCC, RVNL, Senco Gold, Siemens Ltd, TD Power Systems and Venky's were among the companies that reported their results today. Investors also reacted to earnings from Vodafone Idea, Bosch, Zee Entertainment, Gland Pharma, among other companies. The blog tracked all the LIVE Q1 results updates.
From NBCC (India) reporting a 17.2% year-on-year rise in net profit to L&T entering into agreements with its wholly owned subsidiary Vyoma.AI; these are stocks to track ahead of Wednesday trading session. Investors will also keep an eye on Grasim Industries, Astral and Gujarat Fluorochemicals, which are scheduled to announce their Q1 FY27 results tomorrow, August 12.
Linde India appointed Vikash Dokania as CFO, effective September 15, 2026. He replaces Interim CFO Ajay Kumar Sah.
Q1 Results LIVE Updates: Bharat Forge Vodafone Idea, Hindustan Copper, Wockhardt, Info Edge, Zee Entertainment, Linde India, ideaForge, Gland Pharma, Bosch, Astra Micro, AstraZeneca Pharma, are among the companies reporting their earnings today. Earnings reactions will come from stocks like Kaynes Tech, PFC, Delhivery and many other stocks. Watch this space for all the LIVE results updates of the first quarter.
Sensex, Nifty, Share Prices LIVE: Indian benchmark indices trade higher on Wednesday, tracking positive global cues as investors shifted focus to the earnings season. Easing oil prices, optimism over the India-UK trade pact and encouraging early corporate results further supported market sentiment.
Comprehensive Section Breakdown for Linde India
Strategic Vision: Industrial gases and engineering solutions provider.
• Operates a significant network of facilities across India.
• Owns the country's largest air separation plant.
• Member of a global industrial gases and engineering company.
Linde India reported revenue of ₹694.36 crore for the first quarter of fiscal year 2026-27, ended 30 June 2026, rising 13.0% from the preceding March quarter and 21.6% from the same period a year earlier. Profit before tax, however, declined 2.9% year-on-year to ₹138.05 crore, and net profit from continuing operations fell 2.0% to ₹102.97 crore. The profit before tax margin contracted from 24.9% to 19.9%, indicating that total expenses grew at a faster rate than revenue.
Revenue from operations increased to ₹694.36 crore, compared with ₹614.33 crore in the March quarter and ₹571.08 crore in the prior year’s first quarter.
Inter-segment revenue—internal transfers between business divisions that are eliminated in consolidated reporting—fell sharply to ₹74.62 crore. This represents a decline from ₹132.75 crore in the preceding quarter and ₹182.63 crore a year ago. The contraction in internal transfers occurred alongside continued growth in externally billed revenue.
Profit before tax reached ₹138.05 crore, up 19.6% sequentially from ₹115.40 crore in March, but remained below the ₹142.22 crore recorded in the year-ago quarter. Net profit from continuing operations was ₹102.97 crore, down from ₹105.07 crore a year earlier. The profit before tax margin narrowed to 19.9% from 24.9%.
Several expense lines moved higher during the quarter. Finance costs increased to ₹5.94 crore from ₹3.15 crore a year ago, a rise of 88.6%. Other unallocable expenditure (net of unallocable income) rose to ₹11.71 crore from ₹10.72 crore. Tax expense decreased to ₹35.09 crore from ₹37.15 crore, partially offsetting the impact of higher operating and financing costs on the bottom line.
Segment profit before tax was ₹139.68 crore, down from ₹144.34 crore in the prior year’s first quarter. The segment profit margin declined from 25.3% to 20.1%, tracking the broader margin compression seen at the company level. Sequentially, segment profit improved from ₹116.02 crore in the March quarter.
The difference between segment profit before tax and the company-wide profit before tax of ₹138.05 crore was ₹1.63 crore, compared to a ₹2.12 crore difference in the year-ago quarter.
Category: B2B Services
This segment focuses on providing industrial, specialty, and healthcare gases and mixtures, along with related equipment and application solutions. It also includes the design, supply, installation, and commissioning of air separation units and other gas plants.
Category: B2B Services
The Project Engineering Division specializes in the design, supply, installation, and commissioning of tonnage air separation units, nitrogen plants, PSA plants, and gas distribution systems. It also manufactures cryogenic vessels.
Core Thesis: The company leverages its global expertise in industrial gases and engineering to provide comprehensive solutions that enhance customer success and sustainability.
• Product and Service Portfolio: Offers a wide range of industrial, specialty, and healthcare gases, diverse supply modes from cylinders to on-site plants, and custom-developed equipment and application solutions. • Project Engineering Capabilities: Specializes in the design, supply, installation, and commissioning of air separation units, nitrogen plants, PSA plants, and cryogenic vessels. • Sustainability and Decarbonization: Aims to enhance customer success while contributing to sustainability, decarbonization, and environmental protection through its high-quality solutions and technologies.