Appointment of Internal Auditors for Financial Year 2026-27
PRABHA · price
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Prabha Energy Limited reported a strong turnaround in FY2025-26 with standalone net profit of ₹47.32 lakhs versus a net loss of ₹156.48 lakhs in FY2024-25. Standalone revenue nearly tripled to ₹606.94 lakhs (from ₹203.05 lakhs), while consolidated revenue grew 76% to ₹770.92 lakhs. The auditors issued clean (unmodified) opinions on both standalone and consolidated results. Key corporate actions include the sale of the company's 70% stake in Deep Natural Resources Limited (sold at ₹31.25 premium per share), which ceased to be a subsidiary. The company also allotted 96.67 lakh partly-paid equity shares at ₹144 per share in April 2026. Capital work-in-progress stands at a large ₹29,881 lakhs related to NK block oil and gas wells, which are currently in initial production phase with revenue recognized as per Ind AS 106. Manubhai & Shah LLP was re-appointed as internal auditor for FY2026-27.
The company has returned to profitability after two consecutive loss years, a positive signal. However, consolidated operating cash flow turned negative at -₹265.77 lakhs, and total borrowings increased significantly to ₹16,348 lakhs, raising debt sustainability concerns. The large equity raise and fresh share issuance should provide some liquidity buffer.