Prabha Energy Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
PRABHA · price
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Prabha Energy's Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) on August 12, 2025, with a limited review by statutory auditor Mahendra N. Shah & Co. On a standalone basis, revenue from operations was Rs. 51.98 lakhs (up from Rs. 40.00 lakhs in Q1 FY25 restated), but the company posted a net loss of Rs. 26.80 lakhs. On a consolidated basis, revenue from operations rose to Rs. 113.36 lakhs (vs Rs. 74.27 lakhs restated), with a net loss of Rs. 21.95 lakhs. The auditor flagged an emphasis of matter regarding the accounting treatment of expenditure on NK block wells currently under testing, where sales during the testing phase have been recognized as revenue. Prior period figures have been restated to reflect the reverse merger of Deep Energy Resources and Savla Oil and Gas into Prabha Energy.
Revenue grew strongly year-on-year on both standalone (~30%) and consolidated (~53%) bases, but the company continues to report losses, suggesting it is still in a growth/investment phase typical of oil & gas exploration companies. Shareholders should note the testing-phase revenue recognition, which could reverse or fluctuate once wells are fully classified as proved reserves.