Outcome of Board Meeting held on January 30, 2026
PRADPME · price
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Pradeep Metals' board approved unaudited standalone and consolidated results for Q3 and 9M FY26 (ended Dec 31, 2025). Standalone revenue grew ~12.7% YoY in Q3 to Rs. 82.57 crore, while standalone PAT jumped ~38.5% to Rs. 6.48 crore, reflecting margin expansion. The board approved, subject to shareholder nod, raising the borrowing limit from Rs. 180 crore to Rs. 350 crore. It also cleared an investment of up to Rs. 250 crore for a Greenfield manufacturing facility focused on precision-engineered defense components like artillery shell casings, targeting rising European and Indian defense spending. The limited review by KKC & Associates LLP (formerly Khimji Kunverji & Co LLP) was unmodified, while the prior period was reviewed by predecessor auditors.
Strong Q3 earnings and the ambitious Rs. 250 crore defense-focused Greenfield project could boost long-term growth narrative, but the sharp rise in borrowing limit (nearly doubled) signals significantly higher future debt and capex commitments, which may pressure balance sheet metrics.