Audited Financial Results for the period ended 31st March, 2026 along with Statement of Assets and Liabilities, Cash Flow, Auditors Report, Press Release and Dividend @ 18% i.e. Rs. 1.80 ....
PRAKASH · price
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Prakash Industries reported FY2026 revenue of Rs 3,479 Crores, down 13% from Rs 4,014 Crores in the previous year. However, profit after tax improved 7% to Rs 333 Crores from Rs 355 Crores, with EPS at Rs 18.60. The auditors issued a Qualified Opinion due to the company adjusting deferred tax liability of Rs 2,872 lakhs against Securities Premium Account based on a 2007 court order, instead of accounting for it under Ind AS-12. Had the auditors' preferred treatment been followed, PAT would have been Rs 304 Crores and EPS Rs 17.00. The Board recommended a dividend of Rs 1.80 per share (18%), subject to shareholder approval.
The revenue decline and qualified auditor opinion may concern investors, though improved profit margins and the dividend announcement provide some support. The recurring qualified opinion since FY2016 signals ongoing audit risk that the market may penalize.