Outcome of Board Meeting dated 12.08.2025
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The Board of Prakash Woollen & Synthetic Mills Ltd, held on August 12, 2025, approved the Unaudited Standalone Financial Results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹1,638.38 lakhs, up about 18% from ₹1,386.42 lakhs in the same quarter last year. The company reported a net loss of ₹18.69 lakhs in Q1 FY26, slightly narrower than the ₹31.59 lakhs loss in Q1 FY25, though the pre-exceptional operating loss widened to ₹96.31 lakhs from ₹53.09 lakhs. The statutory auditors (Harshit Mehrotra and Associates) issued an unqualified Limited Review Report. As a reference note, the prior quarter (Q4 FY25) included an exceptional gain of ₹1,053.83 lakhs from the sale of land & building and a revaluation reserve write-back, which boosted that quarter's profit to ₹752.44 lakhs.
Operating performance remains weak with widening pre-tax losses despite revenue growth, indicating margin pressure from rising raw material costs. Shareholders should note that the company is still loss-making at the operational level, with the prior quarter's profitability solely driven by a one-time land sale gain rather than core business strength.