Prabha Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2026.
PRABHA · price
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Prabha Energy Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The company achieved a major turnaround, with standalone revenue surging to Rs. 447.12 lakhs from Rs. 157.75 lakhs (up 183% YoY), and standalone net profit of Rs. 47.32 lakhs versus a loss of Rs. 156.48 lakhs in the prior year. Consolidated revenue stood at Rs. 610.80 lakhs with net profit of Rs. 61.04 lakhs (vs loss of Rs. 139.55 lakhs). During the year, the company sold its 70% stake in subsidiary Deep Natural Resources Limited to Deep Industries Limited, which deconsolidated from November 2025. Additionally, 96.67 lakh partly paid-up shares were allotted on April 7, 2026 at Rs. 144 per share, raising Rs. 13,920.85 lakhs. Statutory auditors issued an unmodified (clean) opinion on the financial results.
The company has returned to profitability with strong revenue growth, indicating operational improvement. The share sale and fresh equity issuance strengthen the balance sheet. However, shareholders should note the auditors' emphasis on the NK block accounting treatment where oil and gas exploration costs are being capitalized.