Outcome of Board Meeting held today on 30.05.2025.
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The Board of Directors of Prakash Woollen & Synthetic Mills Ltd met on 30 May 2025 and approved the audited standalone financial results for the quarter and year ended 31 March 2025. The statutory auditors, Harshit Mehrotra And Associates, issued an unmodified (clean) opinion on the results. Profit before tax rose sharply to Rs. 144.70 lakh in FY25 from Rs. 18.51 lakh in FY24, boosted by a one-time write-back of Rs. 1,053.63 lakh linked to sale of Land & Building. However, core operating profit before working capital changes fell steeply from Rs. 1,029.81 lakh to Rs. 179.68 lakh, indicating pressure on the underlying textile business. Net cash from operations remained positive at Rs. 711.33 lakh, and the company significantly reduced its long-term borrowings.
The clean audit opinion and sharp jump in bottom-line profit may lift sentiment, but most of the earnings boost comes from a non-recurring property write-back, while the core textile (blankets) business shows clear margin weakness. Shareholders should view this as a mixed outcome — better reported numbers but softer operating performance.