Outcome of Board Meeting for approval of Audited Financials Results for the Quarter and Year ended March 31, 2026
PRAKASHSTL · price
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Prakash Steelage Limited reported FY26 revenue of ₹9,074.67 Lakhs, up 18.5% from ₹7,656.86 Lakhs in FY25, driven by higher stainless steel pipe sales. However, net profit fell sharply to ₹83.87 Lakhs from ₹129.57 Lakhs (down ~35%), as raw material costs rose significantly — cost of materials consumed increased from ₹4,739.44 Lakhs to ₹6,793.20 Lakhs. Finance costs declined to ₹6.52 Lakhs from ₹9.75 Lakhs. The company generated positive operating cash flow of ₹661.08 Lakhs versus a negative ₹332.82 Lakhs in the prior year. The Board also appointed M/s. Luniya & Co. as Internal Auditors and M/s. P.K. Patwa & Co. as Cost Accountants for FY27. Statutory auditors Pipara & Co. LLP issued an unmodified opinion.
Revenue grew but margins compressed significantly — PAT dropped ~35% year-on-year due to higher input costs. Positive operating cash flow is a good sign, but the steep profit decline and negative other equity (₹777.15 Lakhs) warrant monitoring. Unmodified audit opinion provides some comfort.