Piccadily Agro Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PICCADIL · price
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Piccadily Agro Industries reported standalone revenue of Rs.89,280.77 Lakhs for FY26 ended March 31, 2026, compared to Rs.1,14,284.22 Lakhs in FY25, representing a revenue decline of approximately 22%. However, profit after tax grew significantly to Rs.13,931.27 Lakhs from Rs.10,350.19 Lakhs in FY25, representing a 35% PAT growth. The company declared an EPS of Rs.14.42 per share. Additionally, the Board approved a scheme of arrangement to demerge the Sugar Business into Piccadily Food & Essential Limited (a wholly owned subsidiary), creating two separate listed entities - one housing Sugar Business and the other housing Distillery Business. The transaction is subject to regulatory approvals including NCLT, SEBI, BSE, and NSE. The statutory auditors changed from Jain & Associates to Rattan Kaur & Associates due to resignation of the former.
The company delivered strong profitability growth despite revenue decline, likely due to operational improvements or mix changes. The planned demerger could unlock value by separating two distinct businesses, though shareholder dilution and regulatory uncertainty remain key risks to monitor.