Power & Instrumentation (Gujarat) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Power & Instrumentation (Gujarat) Limited reported standalone revenue of Rs 20,004.16 Lakhs for FY26, up 18.5% from Rs 16,884.31 Lakhs in FY25. Standalone profit after tax grew 14.4% to Rs 1,344.93 Lakhs from Rs 1,175.22 Lakhs. On a consolidated basis, revenue rose 29.6% to Rs 21,875.96 Lakhs and PAT jumped 26.1% to Rs 1,483.52 Lakhs. The standalone audit received an unmodified (clean) opinion, but the consolidated audit came with a qualified opinion due to unaudited subsidiary and joint venture financials. Operating cash flow remained negative at Rs 764.05 Lakhs though significantly improved from Rs 3,988.99 Lakhs loss in the prior year. The company appointed a new Company Secretary and internal/cost auditors for FY27.
The company shows healthy revenue and profit growth, particularly on a consolidated basis. However, the qualified opinion on consolidated results and negative operating cash flow are red flags that investors should monitor. The significant jump in goodwill (Rs 3,088 Lakhs) from acquisitions adds risk.