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Awaiting price reaction for this filing.
Prakash Woollen & Synthetic Mills has published its unaudited standalone results for Q2 FY26 (ended 30 Sep 2025) and H1 FY26 in Hindi daily 'Hindustan' and English daily 'The Pioneer', following board approval on 30 Oct 2025. Total income from operations for Q2 FY26 stood at Rs 2,689.55 lakhs, slightly lower than Rs 2,827.13 lakhs in Q2 FY25. The company reported a net loss after tax of Rs 28.20 lakhs in Q2 FY26, a sharp improvement from a Rs 99.13 lakh loss in the year-ago quarter. For H1 FY26, net loss narrowed to Rs 46.39 lakhs versus Rs 130.72 lakhs in H1 FY25, while revenue rose modestly to Rs 4,327.99 lakhs from Rs 4,214.27 lakhs. The Q2 results include exceptional items of Rs 47.82 lakhs, mainly profit from sale of land (Rs 40.33 lakhs) and write-back of revaluation reserve (Rs 7.49 lakhs). EPS for Q2 FY26 stood at Rs (0.27) versus Rs (0.97) in Q2 FY25. The company operates only in the blankets segment, which is seasonal.
Losses have narrowed meaningfully year-on-year both for the quarter and half-year, indicating operational improvement, though the company remains in the red. The asset sale boost is a one-off and not recurring, so shareholders should watch whether core blankets operations can return to profitability given the seasonal nature of the business.