As Attached

Revenue Growth 20pctPat Growth 25pctNegative Operating CashflowQualified OpinionResults View source PDF

PIGL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-10.2%1-day move

₹109.79

prior close

₹108.19

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-8.5-4.8-5.2-8.5-10.2-4.1-6.2-10.6-10.7-9.8+7.4+2.4——

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AI summary

Power and Instrumentation (Gujarat) Ltd reported audited standalone revenue of ₹20,004 Lakhs for FY26, up 18.5% from ₹16,884 Lakhs in FY25. Standalone PAT grew 14.4% to ₹1,345 Lakhs. Consolidated revenue was ₹21,876 Lakhs (up 29.6% YoY) with PAT of ₹1,484 Lakhs (up 26.1% YoY). The standalone audit received an unmodified (clean) opinion, but the consolidated results carry a qualification. A key concern is negative operating cash flow of -₹764 Lakhs for standalone operations, with auditors unable to independently verify inventory valuations due to technical complexity. The board also appointed Ms. Daisy Mehta as Company Secretary, and new Internal and Cost Auditors for FY27.

Likely market impact

Positive revenue and profit growth signals solid operational performance, but negative operating cash flow and the consolidated audit qualification are red flags for investors. The inventory verification limitation adds uncertainty to asset quality.