Annual Report for the FY 2024-25
PRAKASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.9 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prakash Industries reported Net Sales of Rs 4,014.35 crore in FY25, up about 9% from Rs 3,677.77 crore in FY24, with record sales volume of 9.78 lakh tonnes (up ~14%). EBITDA came in at Rs 544.99 crore versus Rs 556.43 crore last year, a small dip of roughly 2%, partly because the prior year included about Rs 37 crore of one-time gain from sale of certain assets. Profit after Tax rose about 2% from Rs 348.17 crore to Rs 355.45 crore, giving an EPS of Rs 19.85. The Board has proposed a dividend of Rs 1.50 per share of Rs 10 face value. A new milestone was the start of coal extraction from the Bhaskarpara Coal mine on February 15, 2025, with 76,351 tonnes extracted, expected to reduce costs and lift steel production above 1 million tonnes in FY26. The Statutory Auditor has flagged one qualification relating to adjustment of net deferred tax liability of Rs 31.46 crore against the Securities Premium Account as per a 2007 Punjab & Haryana High Court order.
Revenue and profit grew modestly while EBITDA slipped slightly; the audit qualification on the deferred tax treatment is legacy and recurring, so it is unlikely to surprise investors but is worth noting. Operational kickoff at the captive coal mine is a positive for margin trajectory going into FY26, supporting the dividend and growth outlook.