Newspaper publication of the financial results for the quarter ended 30.06.3025.
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Awaiting price reaction for this filing.
Prakash Woollen & Synthetic Mills reported unaudited standalone results for Q1 FY26. Total income from operations rose to Rs 1,638.44 lakh, up about 18% from Rs 1,387.14 lakh in the same quarter last year. However, the company posted a net loss of Rs 18.69 lakh after tax and exceptional items, slightly narrower than the Rs 31.59 lakh loss in Q1 FY25. Loss before tax and exceptional items stood at Rs 96.31 lakh versus Rs 53.09 lakh a year ago, showing that core operations are still under pressure. Basic and diluted EPS were both negative at Rs 0.18. The company noted its blanket/made-ups textile business is seasonal, so quarterly results are not representative of the full year. The Q4 FY25 results had included a one-time exceptional gain of Rs 1,053.83 lakh from sale of land and building.
Shareholders see modest revenue growth but continued operating losses, with the bottom line only staying positive due to one-time gains. The seasonal nature of the business means Q1 weakness is not unusual, but sustained losses at the operating level remain a concern for the stock.