Prakash Steelage Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PRAKASHSTL · price
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Prakash Steelage Limited reported FY2026 revenue of Rs 9,074.67 Lakhs, up 18.5% from Rs 7,656.86 Lakhs in FY2025. However, profit after tax declined significantly to Rs 83.87 Lakhs from Rs 129.57 Lakhs in the prior year—a drop of about 35%. The company turned cash-flow positive from operations at Rs 661.08 Lakhs versus a negative Rs 332.82 Lakhs in FY2025. The Board approved appointment of new Internal Auditors (M/s Luniya & Co.) and Cost Auditors (M/s P.K. Patwa & Co.) for FY2026-27. The statutory auditor issued an unmodified (clean) opinion on the audited results. Notably, the company's other equity remains negative at Rs 772.15 Lakhs, indicating accumulated losses.
The stock may see mixed reaction—revenue growth is positive but profit declined sharply by 35%, while the clean audit opinion removes immediate concern about financial reporting quality. The negative equity position, however, remains a long-term structural concern for investors.