Prakash Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PRAKASH · price
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Prakash Industries Limited reported FY2026 revenue of ₹3,47,866 lakhs, down 13.3% from ₹4,01,435 lakhs in FY2025. Profit after tax (PAT) for the year stood at ₹33,314 lakhs, a decline of about 6.3% from ₹35,545 lakhs in the prior year. EPS fell from ₹19.85 to ₹18.60. The auditor issued a Qualified Opinion because the company adjusted deferred tax liability of ₹2,872 lakhs against the Securities Premium Account based on a 2007 court order, which is not compliant with Ind AS-12. Had this been accounted for correctly, PAT would have been ₹30,442 lakhs (EPS ₹17.00). The board recommended a dividend of ₹1.80 per share (18%). The company extracted about 1 million MT of coal from its Bhaskarpara mine in FY2026 and plans to expand capacity to 1.2 million MT per annum.
The revenue and profit decline, combined with a recurring auditor qualification since FY2016, may raise concerns for investors. The qualified opinion on accounting treatment of deferred tax could affect investor confidence and attract regulatory scrutiny.