Outcome of Board Meeting dated 04.02.2026.
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The Board of Directors of Prakash Woollen & Synthetic Mills Ltd approved the standalone unaudited financial results for the third quarter and nine months ended December 31, 2025. Revenue from operations for Q3 FY26 stood at Rs 5,109.34 lakhs, up sharply from Rs 2,689.49 lakhs in the previous quarter but down from Rs 5,707.29 lakhs in Q3 FY25. Nine-month revenue declined to Rs 9,437.21 lakhs from Rs 9,920.39 lakhs in the same period last year, a drop of about 5%. The company reported a net loss of Rs 186.40 lakhs for the quarter and Rs 233.29 lakhs for nine months, though losses narrowed compared to the prior year period (Rs 496.07 lakhs and Rs 626.79 lakhs respectively). Q3 included an exceptional gain of Rs 47.82 lakhs from sale of fixed assets. The statutory auditor (Harshit Mehrotra and Associates) issued a clean limited review report with no modified opinion.
Continued quarterly losses and year-on-year revenue decline point to ongoing operational stress, though the loss is shrinking versus last year. The clean auditor opinion and asset-sale-driven exceptional gains are mildly positive, but shareholders should watch for a return to profitability given the seasonal blanket business context.