Financial Results for the Quarter and year ended March 31, 2026
Awaiting price reaction for this filing.
Prabhat Technologies reported massive losses for FY2026 with standalone net loss of Rs 3,921.63 lakhs, compared to a loss of Rs 30.28 lakhs in the previous year. Revenue from operations collapsed to Rs 0.02 lakhs from Rs 99.86 lakhs. The company recorded an exceptional item of Rs 1,564.13 lakhs related to liabilities for claims admitted under the ongoing Corporate Insolvency Resolution Process (CIRP). The company's balance sheet shows severe distress with negative equity of Rs 1,439.83 lakhs (standalone) and total borrowings exceeding Rs 8,000 lakhs. The auditors issued an unmodified opinion, confirming the financial statements present a true and fair view despite the company being under CIRP with the board's powers suspended and exercised by the Resolution Professional.
The stock is in extremely distressed condition with zero operating revenue, massive losses, and negative shareholders' equity. The ongoing insolvency proceedings indicate severe financial stress, making the investment outlook highly unfavorable for retail shareholders.