Statement on Deviation or Variation for Proceeds of Public Issue for Half-Year ended September 30, 2025
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Parmeshwar Metal Ltd announced its H1 FY26 (April-September 2025) unaudited results, reporting revenue from operations of ₹84,523.78 lakhs, up 34% from ₹63,104.74 lakhs in the same period last year. Profit after tax more than doubled to ₹903.68 lakhs (from ₹427.05 lakhs), with EPS rising to ₹5.90 from ₹3.80. The company also confirmed that there has been no deviation or variation in the utilisation of proceeds from its public issue (allotted on January 7, 2025), which raised ₹2,474.16 lakhs. Of this, ₹2,432.81 lakhs has been utilised across setting up a new manufacturing facility, furnace renovation, working capital, general corporate purposes, and issue expenses, with ₹41.35 lakhs still parked in a scheduled commercial bank.
Strong revenue and profit growth signals healthy operating momentum, and the clean confirmation of fund use with no deviation is a positive governance signal. For shareholders, this indicates management is on track with its IPO-stated objectives and the business is delivering meaningful earnings growth, which is supportive of the stock.